Rerun the new car simulation from Example 11.4, but now introduce uncertainty into the fixed development cost.
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Rerun the new car simulation from Example 11.4, but now introduce uncertainty into the fixed development cost. Let it be triangularly distributed with parameters $600 million, $650 million, and $850 million. (You can check that the mean of this distribution is $700 million, the same as the cost given in the example.) Comment on the differences between your output and those in the example. Would you say these differences are important for the company?
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The output of the new car simulation with the uncertainty in the fixed development cost is ...View the full answer
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