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Case Study Two: Bazinga

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Case Study Two: Bazinga Thank you very much for allowing us to serve your needs. According to our findings, Mrs. Winkles should produce 400,000 shirts. We base this following data on the estimate ma ... de by Howard. Given this number, and our findings in figure 1, the mostly likely outcome would provide the company with $3,580,000 in profit and the worst case would be $1,420,000. According to figure 2, The best case scenario is to follow Amy’s prediction of producing 500,000 t-shirts as in this situation profits would be maximized with an outcome of $5,000,000. But overall, the expected value approach should be Howard’s suggestions. His suggestion of 400,000 t-shirts to be produced as shown in figure 2 in comparison to the best, most likely and worst scenarios, proved to be the closest predictions to the actual estimated amount that should be produced over all the other manager’s predictions. His prediction of mostly likely was the highest profitable at $3,850,000. The best option would be to listen to Howard’s suggestions over the other managers. As shown in figure 2, Raj has the worst case prediction. Leonard, Penny and Raj underestimated the amount that should be produced which could cause a loss for the company [Show More]

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