Question: Note: Please answer this single simulation analysis and modeling problem (we use Arena software); I would greatly appreciate it and thank you very much! A

Note: Please answer this single simulation

Note: Please answer this single simulation analysis and modeling problem (we use Arena software); I would greatly appreciate it and thank you very much!

A simulation model was run with 300 replications and a 250 day run length. The 95% confidence-interval on the average WIP (work in process) was found to be 14.13 1.36. The model was then re-run with a warm-up period of 40 days and the 95% confidence-interval on the average WIP was found to be 16.472.07. a. Explain why in the first case the performance measure is lower.(2 points) b. In the second case (with the warm-up), the average WIP is collected over how many days? (1point)

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