Question: Suppose all formulas are correctly entered. The simulation is run for 5 2 periods. Then the total cost value ( cell F 3 ) from
Suppose all formulas are correctly entered. The simulation is run for periods. Then the total cost value cell F from repetitions of the period simulation are captured in the area shown in cells to the label "Sim # is in cell I
To determine the best order quantity, we wish to check how the simulation performs with different order quantities. A twoway data table is set up in cells M through R with order quantity values set to and as shown in the highlighted area above.
Which of the following statements are true regarding the mean and standard deviations of the repetitions when considering the different order sizes cells N through R
Exactly two answers are correct.
The order quantity of appears to have the lowest standard deviation.
The order quantity of units has a lower standard deviation than the order quantity of units.
The order quantity of units appears to be the least cost order policy on average.
The order quantity of units is more costly than the order quantity of units.
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