Question 1: (45 pts) You are selling birthday cakes for the fans of 4-big football clubs. According to your research the

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Question 1 45 Pts You Are Selling Birthday Cakes For The Fans Of 4 Big Football Clubs According To Your Research The 1 (110.07 KiB) Viewed 20 times

Question 1: (45 pts) You are selling birthday cakes for the fans of 4-big football clubs. According to your research the percentage of the supporters for each team in your target market are as below: %30 %30 Galatasaray Fenerbahçe Beşiktaş Trabzonspor %25 %15 You bake 6 cakes each day. 2 for Galatasaray, 2 for Fenerbahçe, 1 for Beşiktaş and 1 for Trabzonspor each morning. The cost of each cake is 20 ₺. Selling price of each cake is 75 ₺. You should sell the cakes freshly and storage life time of the cakes are just 1 day. If you can't sell a cake on the same day, than you can't sell the day after. Each day 5 customers (all are supporters of one of these clubs) visit your bakery. When a customer visits your shop and the cakes for that team were sold out, then you miss a sales opportunity. An example case: 1st customer: TS, 2nd customer: GS, 3rd customer: TS, 4th customer: FB; 5th customer: GS. In this case you will sell cakes to the 1st, 2nd, 4th and 5th suctomers, but not to the 3rd customer. Because you baked only one cake for Trabzonspor and when the second supporter visited your shop TS cakes are out of stock. • • Calculate the profit in 1 year (365 days) by using Monte Carlo simulation. Consider to bake 2 GS, 2 FB, 2 BJK cakes and none for TS. With another simulation test whether the first option or the second one is more profitable. Consider to bake 2 GS, 2 FB, 2 BJK, 1 TS cakes. With another simulation test which of these 3 options is most profitable. •