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An analyst has built a simulation model to analyze the purchase and implementation of new solar-powered engines at a plant. The model considers several
An analyst has built a simulation model to analyze the purchase and implementation of new solar-powered engines at a plant. The model considers several uncertainties and estimates the payback period (in months) as well as the monthly savings (in thousand dollars). Output from the model is shown below. Name Description Payback Period Savings Output Output Minimum 31.185 57.549 Maximum 110.081 203.141 Mean 56.294 116.891 Std Deviation 11.292 22.476 Variance 127.501 505.185 Skewness 0.778 0.299 Kurtosis 3.833 2.868 Errors 0.000 0.000 Mode 52.604 113.504 5% Perc 40.566 82.067 10% Perc 43.147 89.015 15% Perc 44.988 93.234 46 579 97.266
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