Question: [ ? ] Column J - Available Inventory [ ? J 3 = beginning inventory for that month + units received that month [ ?
Column J Available Inventory
beginning inventory for that month units received that month
You are to write the formula for yourself and copy it to thru
Column KDemand
The simulated monthly demand is based upon the Demand Distribution table. We will use Excel's LOOKUP function. You previously entered the parameters demand probabilities, and random number intervals in the Demand Distribution table, cells D:E We will use a random number generator, Rand to provide a number a number between and LOOKUP will than use that random number to find the corresponding demand for that month from the Demand Distribution table. For instance, the random number of falls between and in the table, returning a demand of units for that month
Enter the formula below in cell and copy the formula to cells :
LOOKUP$$:$$$:$
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