Question: Part 1: Examine Example 10.1, available in the Reading section, Chapter 10 titled Theory With Examples PowerPoint, starting in slide number 15. Ordering Calendars at

Part 1: Examine Example 10.1, available in the Reading section, Chapter 10 titled Theory With Examples PowerPoint, starting in slide number 15.

  • Ordering Calendars at Walton Bookstore. This example illustrates the problem of using averages instead of distributions. How does this example illustrate the flaw of averages?

Part 2: What are the advantages and limitations of simulation models? Include specific comparisons to LP models in your comments.

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