Question: Monte Carlo Simulation (Excel) By the following information: Simulate the demand by generating 10,000 such random demand points. 1. Calculate the total inventory needed safety

Monte Carlo Simulation (Excel)

By the following information:

Monte Carlo Simulation (Excel) By the following

Simulate the demand by generating 10,000 such random demand points.

1. Calculate the total inventory needed safety stock and fill rate.

2. Generate probability distribution graph and calculate minimum and maximum demand.

INPUTS Demand Average 200 units Standard Deviation 25 units ) Target Customer 95% Percentage Service Level

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