Question: This is the Sanotronics simulation with 1 0 0 trials that was covered in the lecture. Here, we want to illustrate how the results can
This is the Sanotronics simulation with trials that was covered in the lecture. Here, we want to illustrate how the results can change when different distributions are used for some of the random variables.
Suppose the following changes occur in the assumptions.
Parts cost follows a normal distribution with mean of $ and standard deviation of $
Demand now follows a uniform distribution between and units.
The appropriate changes have been made in the Excel sheet. Do not change the given random numbers.
Round all answers up to decimal places.
What is the direct labor cost per unit for trial
What is the parts cost per unit for trial
What is the demand for trial
What is the mean profit?
What is the maximum profit?
What is the probability of loss in
What is the value at risk rounded to whole $ Remember to give the absolute value.
Is this more or less risky than the original example solved in class?
What is the direct labor cost per unit for trial
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