Month Date Day Units

June 3 M 524
June 4 T 559
June 5 W 557
June 6 R 549
June 7 F 598
June 10 M 568
June 11 T 572
June 12 W 538
June 13 R 617
June 14 F 509
June 17 M 623
June 18 T 670
June 19 W 586
June 20 R 590
June 21 F 566
June 24 M 623
June 25 T 665
June 26 W 593
June 27 R 608
June 28 F 575
July 1 M 594
July 2 T 675
July 3 W 617
July 5 F 645
July 8 M 676
July 9 T 661
July 10 W 662
July 11 R 636
July 12 F 709
July 15 M 737
July 16 T 657
July 17 W 688
July 18 R 637
July 19 F 648
July 22 M 638
July 23 T 635
July 24 W 683
July 25 R 682
July 26 F 628
July 29 M 674
July 30 T 680
July 31 W 650
August 1 R 623
August 2 F 682
August 5 M 670
August 6 T 655
August 7 W 638
August 8 R 657
 August 9 F 628
August 12 M 680
August 13 T 712
August 14 W 672
August 15 R 651
August 16 F 678
August 19 M 668
August 20 T 682
August 21 W 613
August 22 R 690
August 23 F 670
August 26 M 625

All 60 vales Last 30 values Last 40 values

Mean 634.93333333 Mean 659.8 Mean

Standard Error 6.3616464959 Standard Error 4.4768626124 Standard Error
Median 641.5 Median 662.5 Median
Mode 623 Mode 682 Mode
Standard Deviat 49.277101867 Standard Deviat 24.520786397 Standard Deviat
Sample Varianc 2428.2327684 Sample Varianc 601.26896552 Sample Varianc
Kurtosis -0.1466942319 Kurtosis -0.7890937665 Kurtosis
Skewness -0.5735972474 Skewness -0.1069054871 Skewness
Range 228 Range 99 Range
Minimum 509 Minimum 613 Minimum
Maximum 737 Maximum 712 Maximum
Sum 38096 Sum 19794 Sum
Count 60 Count 30 Count

Alternative 1
Last 40 values

660.15
4.6173516108
661.5
682
29.202695696
852.7974359
0.2701069725
0.1402084171
143
594
737
26406
40
Day Units Day Units
1 524 1 657
2 559 2 688
3 557 3 637
4 549 4 648
5 598 5 638
6 568 6 635
7 572 7 683
8 538 8 682
9 617 9 628
10 509 10 674
11 623 11 680
12 670 12 650
13 586 13 623
14 590 14 682
15 566 15 670
16 623 16 655
17 665 17 638
18 593 18 657
19 608 19 628
20 575 20 680
21 594 21 712
22 675 22 672
23 617 23 651
24 645 24 678
25 676 25 668
26 661 26 682
27 662 27 613
28 636 28 690
29 709 29 670
30 737 30 625
31 657
32 688
33 637
34 648
N u m b e r o f u n i ts p ro d u c e d p e r d a y

35 638
36 635
37 683
38 682
39 628
40 674
41 680
42 650
43 623 800

44 682 700

45 670 600

46 655 500
47 638 400
48 657 300
49 628 200
50 680 100

0
0 10 20 30 40 50
Production day number
 400

300

200

100
51 712 0
0 10 20 30 40 50
52 672
Production day number
53 651
54 678
55 668
56 682
57 613
58 690
59 670
60 625
 Units
800

700

600

500

400

300

200

100

0
0 5 10 15 20 25 30

800

700

600

500

400

300

200

100

0
0 5 10 15 20 25 30

40 50 60
mber
 40 50 60
mber
30

30
Day Units
1 594
2 675
3 617
4 645
5 676
6 661
7 662
8 636
9 709
10 737
11 657
12 688
13 637
14 648
15 638
16 635
17 683
18 682
19 628
20 674

21 680

Core Objective

22 650 Minimum Bid Value

23 623 Penalty Probability
24 682 Net Profit

Remarks
25 670
26 655
27 638
28 657
29 628
30 680
31 712
32 672
33 651
34 678
35 668
36 682
37 613
38 690
39 670
40 625
 Alternative 1
(solved above for the new Alternative 2
process)

Maximize minimum bid value Maximize net profit value

645 units 641 units
30% 26%
$1,000 $1,200

As the net profit increases, the minimum bid

value and penalty probability decreases
 Alternative 3

Minimize penalty probability

623 units
10%
$2,008
As the penalty probability decreases, the
minimum bid value decreases and the net profit
increases