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Explain how what-if analyses could be used to address

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Case Scenario: Management is looking to the future and the uncertainty of what fluctuating costs could do to your solutions. They would like to know what will happen if certain costs are lowered or raised. Consider the decision variables (grape availability to produce wine, bottle quantity production) from the scenario that could be subject to future changes.

Question: explain how what-if analyses could be used to address uncertainty at the company? What is the what if analysis?

 

Reference no: EM133584351

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