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Use excel analytic solver to solve the problem The wedding date for a couple is quickly approaching, and the wedding planner must provide the caterer
Use excel analytic solver to solve the problem
The wedding date for a couple is quickly approaching, and the wedding planner must provide the caterer an estimate of how many people will attend the reception so that the appropriate quantity of food is prepared for the buffet. 37 invitations have been sent out. 7 of the invitees RSVP that they will each not attend. 10 of the invitees RSVP that they will each attend alone. 15 of the invitees RSVP that they will each attend with a companion. 5 of the invitees did not RSVP. The number of guests that actually attend does not necessarily correspond to the number of RSVPs. Based on her experience, the wedding planner knows that it is extremely rare for people to attend a wedding if they RSVPed that they will not attend. Therefore, the wedding planner will assume that no one from these 7 invitations will attend. For each of the 10 invitees that RSVP attending alone, there is a 75% chance of attending alone, a 20% chance of not attending, and a 5% chance of attending with a companion. For each of the 15 invitees who RSVP attending with a companion, there is a 90% chance of attending with a companion, a 5% chance of attending alone, and a 5% chance of not attending. For each of the 5 invitees who have not responded, the wedding planner assumes that there is an 80% chance of not attending, a 15% chance of attending alone, and a 5% chance of attending with a companion. Develop a Monte Carlo simulation model to estimate the number of guests that attend the reception. Include 30 uncertain variables, some for the numbers of actual attendees associated with RSVP 1, some for the numbers of actual attendees associated with RSVP 2, and some for the numbers of actual attendees associated with no RSVP. The uncertainties can be characterized by custom discrete distributions. What is the expected (i.e., average) number of guests that will attend the reception? less than 35 35 or 36 37 or 38 39 or 40 41 or 42 43 or 44 more than 44 What is the minimum number of guests for which the caterer should prepare meals so that there is at least a 90% chance that there will be enough meals? Hint: Use the 90th percentile statistic to summarize the attendance output variable. less than 35 35 37 39 41 43 more than 43
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