A machine center handles four types of clients: A, B. C, and D. The manager wants to
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a. Explain how simulation could be used to generate a probability distribution for the total number of machine-hours required per year to serve the clients.
b. Simulate one year, using the following random numbers. Use random number 88 for client As demand, 24 for client As processing time, and so forth.
88, 24, 33, 29, 52, 84, 37,92
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Related Book For
Operations management processes and supply chain
ISBN: 978-0136065760
9th edition
Authors: Lee J Krajewski, Larry P Ritzman, Manoj K Malhotra
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