Question: A solar panel store manager suspects that his inventory levels of solar panels have been higher than necessary. Based on the record of the number
A solar panel store manager suspects that his inventory levels of solar panels have been higher than necessary. Based on the record of the number of solar panels held in inventory each day during the last sixty days, the manager came up with the following distribution.
The demand for solar panels follows a uniform with a and b Based on this information,
Develop a Monte Carlo Simulation model on MS Excel of this situation send me a copy of the model.
Based on one thousand iterations, should the manager change the inventory policy for the solar panels? answer in the available space below.
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