Optimal Quantity of Webcams for VidoCo - Computer Science Assignment Help

Assignment Task

This assignment is based on the VidoCo case, which is Case #1 from the case book for the course. The goal here is to determine the optimal quantity of webcams for VidoCo to produce to satisfy TechnoMart's demand in February 2013. You first need to come up with a likely demand distribution based on the information provided in the case. There are many possible distributions that are reasonable here, so you should justify your selection in the memo accompanying your analysis.To make things easier for your optimization, you can feel free to consider only possible order quantities that are divisible by 100 (i.e., 4600, 4700, etc.). I would like you to define "optimality" here as the order quantity that maximizes the expected monthly profit, which makes sense because conceivably VidoCo would be using this same methodology each month. 
 

Please summarize your analysis (including the justification of the demand distribution that you used) in a two-page maximum memo. Also provide at least one suggestion for how VidoCo could receive more reliable forecasts from TechnoMart.

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