ASSIGNMENT
- Contract selection: What was the optimal contract for maximizing profit throughout the game? Justify your answer with a quantitative/financial argument.
- Photo of our switches, why we switched when we did, how we knew we had to switch
- Forecasting: At the beginning of the game (i.e., with only the first month’s demand history available) what would have been a good forecast for demand at the predicted peak period? Explain your forecasting method, and discuss how the forecasts inform a proactive approach to acquiring capacity.
- Capacity management: First, compute the capacity of each machine in each station nnd explain your calculations. Then, based on this computation, justify the ideal number of machines in each station for the period of peak demand. Explain.
- Contract selection: What was the optimal contract for maximizing profit throughout the game? Justify your answer with a quantitative/financial argument. (Hint: just because a contract pays more revenue doesn’t make it optimal.)
- Photo of our switches, why we switched when we did, how we knew we had to switch
- Forecasting: At the beginning of the game (i.e., with only the first month’s demand history available) what would have been a good forecast for demand at the predicted peak period? Explain your forecasting method, and discuss how the forecasts inform a proactive approach to acquiring capacity.
- Capacity management: First, compute the capacity of each machine in each station nnd explain your calculations. Then, based on this computation, justify the ideal number of machines in each station for the period of peak demand. Explain.
