Question: A spare part is demanded infrequently, with the average time between demands being 6 weeks. Previous analysis has shown that the time between demands follows
A spare part is demanded infrequently, with the average time between demands being weeks. Previous analysis has shown that the time between demands follows a negative exponential distribution.
Simulate the next interarrival times, using the following stream of random numbers, starting at the leftmost number, and using fourdigit random numbers:
If a part has just been demanded, what is your simulated arrival time for the demand for the next part?
Step
Now, let's sum up these interarrival times:
Total simulated time Interarrival time Interarrival time Interarrival time
Total simulated time ~~
Total simulated time ~~ weeks
Explanation:
Since this total simulated time is less than weeks, the arrival time for the demand of the next part is indeed weeks, which rounded to one decimal place is weeks, or equivalently, weeks weeks weeks.
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