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Your employer is considering replacing 3 slow machines with one faster machine. Please discuss how you would solve this problem with and without simulation. Discuss

Your employer is considering replacing

3

slow machines with one faster machine. Please discuss how you would solve this problem with and without simulation. Discuss the data to collect and the modeling approach. How much would you pay for the new machine

(

assumes replaces

2

workers on

3

shifts

/ 5

day

) ?

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