Question: U1 = [1.56 U2 = [1.3] U3 = (1.6? U4 = [1.31] U5 = I173 U7 2 [1.15 Us; = [1.51 Um = G.9 U11

U1 = [1.56 U2 = [1.3] U3 = (1.6? U4 = [1.31] U5 =U1 = [1.56 U2 = [1.3] U3 = (1.6? U4 = [1.31] U5 =
U1 = [1.56 U2 = [1.3] U3 = (1.6? U4 = [1.31] U5 = I173 U7 2 [1.15 Us; = [1.51 Um = G.9 U11 = GAB U12 = {1.73 U13 2 0.15 U14 = G-'i U15 = {1.53 Um = {1.13 U17 = {1-31 U13 2 $.63 U19 {1.3T Um 0.46 U21 2 $.96 U23 = 13.92 U23 2 H.312} U24 = {133 U27 = } U23 = [1.250 U31 = [1.13 U32 = I192 5.2 Generate the daily demands Bl, D2 and D; for three days by sequentially using the falls-wing UH]; 1} random numbers {shew all the steps of the solution]: U35 I119 Um H55 Use = [142 Um = L154 lQuestion 4 A vendor sells daily newspapers on a street corner. Each morning he must buy the same xed number N of copies at H14 each. He sells them for R1? each thmughout the day. He has noticed that the demand D during the day is close to being a random variable X that is normally distributed with mean ,u = 135.7 and standard deviation o = 2111, except that D must be a nonnegative integer to make sense. So, D = mxllil; '3} where [:r] is the nearest integer to I. It is also assumed that demands from day to day are independent. Any unsold papers are returned to the publisher for a credit of RA each. Any unsatised demand is estimated to cost Hill per paper in loss of goodwill and prot. Each day starts afresh, independent of anyr other day. [4.1) Develop a simulation model in l'vIathemat-ica for this problem and run it for l consecutive days for order quantities N = 14H;153;16;17;130 and 15\"] respectively. Include minimum prot, maximum prot, mean and stande deviation for each order quantityr in your output. HWTS: In your code remember to initialise all your variables. You must have at least two For loops: one for order quantities and the other for l runs for each order quantity. [4.2) \"Which one of the order quantities would you advise the vendor to take? Substantiate your BIISWEI'

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!