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Optional Problem (Text Messaging Plan)

The document outlines a text message plan with details on usage, costs, and financial implications for prepaid and extra unpaid messages. It includes statistical data from a simulation, showing mean costs, standard deviation, and probabilities related to cost outcomes. The total cost for the prepaid messages used in the first period is $600.00.
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0% found this document useful (0 votes)
61 views2 pages

Optional Problem (Text Messaging Plan)

The document outlines a text message plan with details on usage, costs, and financial implications for prepaid and extra unpaid messages. It includes statistical data from a simulation, showing mean costs, standard deviation, and probabilities related to cost outcomes. The total cost for the prepaid messages used in the first period is $600.00.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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A B C D E

1 Text Message Plan


2
3 Period 1
4 Normal Mean 6,000
5 Usage Standard Deviation 1,000
6 Per Unit Cost for Prepaid Message $0.10
7 Financial Cost for Extra Unpaid Message $0.30
8 Data Refund for Unnecessary Prepaid Message $0.00
9 Given Info Computations
10 Period 1
11 Prepaid Messages (Beginning Inventory) 6,000
12 Message Usage (Demand) 5,804.482
13 Rounded Message Usage (Rounded Demand) 5,804
14 Prepaid Messages Used (Sales) 5,804
15 Extra Unpaid Messages (Unsatisfied Demand) 0
16 Unnecessary Prepaid Messages (Ending Inventory) 196
17
18 Cost for Prepaid Messages $600.00
19 Total Cost for Extra Unpaid Messages $0.00
Financial
20 Data Refund for Unnecessary Prepaid Messages $0.00
21 Total Cost $600.00
22
23 CUSTOMIZED SIMULATION RESULTS
24 Prepaid Messages Q 6000
25 Simulation # 1
26 Mean $719.68
27 Std Dev $175.16
28 Maximum $1,984.20
29 Cost Minimum $600.00
30 Downside Potential: Pr{Cost $700} 0.63062
31 Upside Risk: Pr{Cost > $1000} 0.09120
32 95-th Percentile $1,093.50
33
34 CUSTOMIZED SIMULATION RESULTS (pasted after simulation)
35 Prepaid Messages Q 6000
36 Simulation # 1
37 Mean $719.68
38 Std Dev $175.15
39 Maximum $1,927.20
40 Cost Minimum $600.00
41 Downside Potential: Pr{Cost $700} 0.63062
42 Upside Risk: Pr{Cost > $1000} 0.09118
43 95-th Percentile $1,093.50

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