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Assignemnt
A machine shop produces many parts but their biggest seller is the Deluxe Jig.
Marketing only accepts orders in multiples of 50. Past demand data is:
Order Amount
Number of Orders
50
33
100
46
150
84
200
74
250
32
The Deluxe Jig goes through a four step process with the following yields:
Cutting
µ =
96.6%
σ =
1.00%
Grinding
93.4%
2.50%
Lathe
98.9%
3.00%
Polish
98.4%
Note: The yield cannot exceed 100%
The production lot size is 15% more than the order size
Design a simulation to determine what percent of the orders satisfy the order amount.Provide data analysis to verify that you tested the model validity.
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