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In parts a to c, you will design a SIMULATION experiment over 15 days (i.e. 15 trials). The following random numbers from 00-99 have already
In parts a to c, you will design a SIMULATION experiment over 15 days (i.e. 15 trials). The following random numbers from 00-99 have already been generated. List 1 - Random numbers to determine the units demanded daily. Start at the top of the list. There may be more random numbers than you need. 15 35 64 6 44 31 88 25 78 62 10 30 65 94 4 15 79 73 32 12 List 2 - Random numbers to determine the lead time (days) of shipment. Start at the top of the list. There may be more random numbers than you need. 1 9 1 1 54 22 72 82 12 26 6 98 63 59 89 In parts a to c, you will design a SIMULATION experiment over 15 days (i.e. 15 trials). The following random numbers from 00-99 have already been generated. List 1 - Random numbers to determine the units demanded daily. Start at the top of the list. There may be more random numbers than you need. 15 35 64 6 44 31 88 25 78 62 10 30 65 94 4 15 79 73 32 12 List 2 - Random numbers to determine the lead time (days) of shipment. Start at the top of the list. There may be more random numbers than you need. 1 9 1 1 54 22 72 82 12 26 6 98 63 59 89 a) Using simulation (by hand or by Excel) and the first list of random numbers, run a simulation with 15 trials/days to determine daily demand for the monitors. Start from the TOP of random number List 1. (Start random number assignment from 01.) What are the average quantities of demand for this computer monitor? (42 marks) b) Based on the results of part (a), calculate the following variables for day 1: 1) Beginning-day inventory 2) demand satisfied by Susan 3) ending-day inventory 4) Inventory Position (defined as ending inventory on hand plus outstanding orders) 5) Order decision (whether Susan should make new orders at the end of the day) (20 marks) c) Based on the results of part (a) and (b), simulate the lead time shipments of Susan's orders, if needed. Start from the TOP of random number List 2. (Start random number assignment from 01.) What is the average beginning-day inventory of the simulated 15 days? (38 marks)
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