Stats Week 3

Expansion Strategy and Establishing a Re-order Point Grading Guide

QNT/561 Version 9

Applied Business Research and Statistics

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Individual Assignment: Expansion Strategy and Establishing a Re-order Point

Purpose of Assignment

This assignment has two cases. The first case is on expansion strategy. Managers constantly have to make decisions under uncertainty. This assignment gives students an opportunity to use the mean and standard deviation of probability distributions to make a decision on expansion strategy. The second case is on determining at which point a manager should re-order a printer so he or she doesn’t run out-of-stock. The second case uses normal distribution. The first case demonstrates application of statistics in finance and the second case demonstrates application of statistics in operations management.

Resources Required

· Microsoft Excel®

· Bell Computer Company Forecasts data set

· Case Study Scenarios

Grading Guide

Content	Met	Partially Met	Not Met	Comments:
Write a 1,050-word report based on the Bell Computer Company Forecasts data set and Case Study Scenarios.
Case 1: Bell Computer Company · Compute the expected value for the profit associated with the two expansion alternatives. Which decision is preferred for the objective of maximizing the expected profit? Compute the variation for the profit associated with the two expansion alternatives. Which decision is preferred for the objective of minimizing the risk or uncertainty?
Case 2: Kyle Bits and Bytes · What should be the re-order point? How many HP laser printers should he have in stock when he re-orders from the manufacturer?
		3	#/3

Writing Guidelines	Met	Partially Met	Not Met	Comments:
The paper—including tables and graphs, headings, title page, and reference page—is consistent with APA formatting guidelines and meets course-level requirements.
Intellectual property is recognized with in-text citations and a reference page.
Paragraph and sentence transitions are present, logical, and maintain the flow throughout the paper.
Sentences are complete, clear, and concise.
Rules of grammar and usage are followed including spelling and punctuation.
		Total Available	Total Earned
		2	#/2

Assignment Total	#	5	#/5
Additional comments: