A warehouse manager at Mary Beth Marrs Corp. needs to simulate
the demand placed on a product that does not fit standard models.
The concept being measured is "demand during lead time," where
both lead time and daily demand are variable. The historical record
for this product, along with the cumulative distribution, appear
in the table.
Homework Answers
Below is the Random number range generated for demand during lead time -
| Deman During Lead Time | Probability | Cumulative Probability | Random Number Range |
| 140 | 0.01 | 0.01 | 1 - 1 |
| 160 | 0.15 | 0.16 | 2 - 16 |
| 180 | 0.25 | 0.41 | 17 - 41 |
| 200 | 0.15 | 0.56 | 42 - 56 |
| 220 | 0.06 | 0.62 | 57 - 62 |
| 240 | 0.08 | 0.7 | 63 - 70 |
| 260 | 0.3 | 1 | 71 - 100 |
Basis the random number range as mentioned above, below will be demand for given random numbers -
| Random Numbers | Demand |
| 48 | 200 |
| 35 | 180 |
| 65 | 240 |
| 79 | 260 |
| 93 | 260 |
Average Demand During Lead Time = 140*0.01 + 160*0.15 + 180*0.25 + 200*0.15 + 220*0.06 + 240*0.08 + 260*0.30 = Average Demand During Lead Time = 210.80 = 211
Average Demand During Lead Time basis 5 simulation = (200+180+240+260+260)/5 = 228
Average Demand During Lead Time basis 5 simulation = 200+180+240+260+260 = 1140
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A warehouse manager at Mary Beth Marrs Corp. needs to simulate
the demand placed on a...
A warehouse manager at Mary Beth Marrs Corp. needs to simulate the demand placed on a...
A warehouse manager at Mary Beth Marrs Corp. needs to simulate the demand placed on a product that does not fit standard models. The concept being measured is "demand during lead time," where both lead time and daily demand are variable. The historical record for this product, along with the cumulativedistribution, appear in the table. Demand During Lead Time Probability Cumulaive Probability 100 0.01 0.01 120 0.15 0.16 140 0.25 0.41 160 0.20 0.61 180 0.04 0.65 200 0.08...
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