Question: 17. Develop and analyze a simulation model for Koehler Vision Associates (KVA) in Problem 10 of Chapter 8 with the following assumptions. The weekly demand
17. Develop and analyze a simulation model for Koehler Vision Associates (KVA)
in Problem 10 of Chapter 8 with the following assumptions. The weekly demand averages 175, but anywhere between 10% and 20% of prospective patients fail to show up or cancel their exam at the last minute. Determine the distribution of net profit (revenue less overbooking costs) and number overbooked for scheduling 133, 140, or 150 patients. Assume that the demand is uniform between 110 and 160 per week.
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