Question
We have so far seen many applications of simulation in our course discussions. This assignment aims to give you an opportunity to use your learnings
We have so far seen many applications of simulation in our course discussions. This assignment aims to give you an opportunity to use your learnings in a practical context. You are expected to identify and solve a practical problem using simulation. This might be related to your work, personal life, or something that you are passionate about. There clearly are no boundaries to where you can make use of these tools so there are no rules about the choice of your problem. If you have issues accessing/collecting/using real data, you can use randomised real data, or generate your own problem instances to solve. We will assess you on the choice of problem to make sure that you put good effort into identifying an interesting problem rather than using a textbook example.
As a part of this assignment, you are expected to
i) describe your problem in detail, and explain your motivation in choosing this particular problem
ii) model and simulate your problem using Analytic Solver Platform in Excel, SIP Math Modeler, or any other tool available to you.
iii) discuss your results in terms of their meaning
This should be done In EXCEL SHEET & as well as in HAND.
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