Calambra Olive Oil (B)

6 Pages Posted: 21 Oct 2008

See all articles by Phillip E. Pfeifer

Phillip E. Pfeifer

University of Virginia - Darden School of Business

Dana Clyman

University of Virginia (UVA), Darden School of Business (deceased)

Abstract

In the B case, Frank Lockfeld builds a spreadsheet model that captures the essence of the discussion in the A case (UVA-QA-0440). As this is a difficult model to build, it is best to use the B case early in a module on Monte Carlo simulation. The model, which is also available electronically and should be distributed with the B case, is set up to evaluate scenarios and compare (in multiple columns) the impact of different order quantities for the specified scenario. To turn the model into a simulation, students need only replace the scenario drivers with probability distributions. The C case (UVA-QA-0551) may be used in place of (not in addition to) the B case; the C case uses data tables instead of evaluating different order quantities in columns.

Keywords: decision theory, simulation, spreadsheets

JEL Classification:

Suggested Citation

Pfeifer, Phillip E. and Clyman, Dana, Calambra Olive Oil (B). UVA-QA-0442, Available at SSRN: https://ssrn.com/abstract=911984

Phillip E. Pfeifer (Contact Author)

University of Virginia - Darden School of Business ( email )

P.O. Box 6550
Charlottesville, VA 22906-6550
United States
434-924-4803 (Phone)

HOME PAGE: http://www.darden.virginia.edu/faculty/Pfeifer.htm

Dana Clyman

University of Virginia (UVA), Darden School of Business (deceased)

P.O. Box 6550
Charlottesville, VA 22906-6550
United States

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