Statistically analyze the results of the simulation run

Assignment Help Operation Management
Reference no: EM131124799

The monthly demand for Pizza at InnoSmart Pizza over the past 60 months is shown in the following table Demand Frequency 300 3 320 6 340 12 360 18 380 15 400 6 Establish a probability distribution for the demand for pizza Using random numbers, simulate values from the probability distribution Repeat the process for a series of replications in order to gather meaningful results Statistically analyze the results of the simulation run.

Reference no: EM131124799

Questions Cloud

Home and office decorating assistance to its customers : Agan Interior Design provides home and office decorating assistance to its customers. In normal operation, an average of 2.8 customers arrive each hour. One design consultant is available to answer customer questions and make product recommendations...
Analyzing balance and conflict in making medical project : Describe the importance of analyzing balance/conflict in making medical project decisions. Provide at least one specific example of this concept for a healthcare decision.
Spreadsheet model used to solve the crashing problem : Which of the following is NOT associated with the spreadsheet model used to solve the crashing problem? a) Minimize the total cost of completing the project. b) Minimize the number of activities crashed. c) Complete the project by a specified time. d..
Workforce activity-policy recommendations based on issue : As a sample workforce activity, assume your employer has asked you to develop an economic analysis and a set of policy recommendations. To complete this activity, select a news article dated within the previous two months. Clearly summarize the issue..
Statistically analyze the results of the simulation run : The monthly demand for Pizza at InnoSmart Pizza over the past 60 months is shown in the following table Demand Frequency 300 3 320 6 340 12 360 18 380 15 400 6 Establish a probability distribution for the demand for pizza Using random numbers, simula..
Shortcomings of the particular method : Please search the internet for project selection methods (financial or non-financial) or software applications. Summarize your findings and explain some of the benefits and/or shortcomings of the particular method. I have selected Operations Manageme..
Describe each of the four stages of the training cycle : Briefly describe each of the four stages of the training cycle: Assessment, Design, Implementation, and Evaluation. Why is it termed a "cycle"? Apply a brief example (imaginary) of a training program at each stage and show the dependence of each stag..
Your company tends to attract entry-level professionals : Your company tends to attract entry-level professionals whose clear career goals include working for themselves, not you. Is it useful to expend company resources on their career development when it is clear that they are only "passing through"? What..
Write the method of training delivery : List three training courses you would like your organization to offer to employees. Next to each course write the method of training delivery, materials and instructional aids that would be most effective for a trainer to use when presenting that cou..

Reviews

Write a Review

Operation Management Questions & Answers

  What are the total earnings for the portfolio

What are the total earnings for the portfolio? What is the marginal rate of return on the portfolio? That is, how much more could be earned by investing one more dollar in the portfolio?

  Which the staff in your companys finance department will use

What actions would you suggest to your manager in the IT/IS Department to improve the likelihood of successful adoption/acceptance of a new information system which the staff in your company’s finance department will use?

  Define the term-brand

Define the term – brand. Discuss the functions of branding and branding dichotomy. Give a real world example of an outstanding brand and explain why it is outstanding.

  Assignment the egyptian religion or the kingship

Look at two of the greatest of Egypt's temples: Amun at Karnak and Luxor. Using at least research source outside of our text, pick out a specific feature of one or the other and tell what you think this feature tells us about the Egyptian religi..

  Optimal order reduce holding and ordering cost relative

A North Face retail store in Chicago sells 500 jackets each month. Each jacket costs the store $100 and the company has an annual holding cost of 25 percent. The fixed cost of a replenishment order (including transportation) is $100 and the company h..

  Implementing a societal marketing approach

What advice would you give a small to medium size business thinking about implementing a societal marketing approach? What are the benefits and flaws?

  Direct marketing can be attributed to several factors

The growing popularity of direct marketing can be attributed to several factors. Direct marketers make consumption convenient: Credit cards, 800 numbers, and the Internet take the hassle out of shopping.  Describe how the company used the three prima..

  Difference between two versions of JWD Consulting case study

After reading chapter three,(Information Technology Project management- Kathy Schwalbe) discuss the main differences between the two versions of the JWD Consulting case study. When should you use a more prescriptive or agile approach? Do you think us..

  Who is responsible for making sure the orientation

Who is responsible for making sure the orientation isn't boring? What do you believe is the most important thing to making this happen?

  Why is the EEOC going beyond its statutory authority

Why is the EEOC going beyond its statutory authority by focusing on issues that are not found in the law, such as caregiver discrimination and discrimination again lesbian, gay, bisexual, and transgender individuals? is racial or sexual discriminatio..

  What is the overall reliability of the systern

lf the backup computer must be tivated by a switch in the event that the first computer fails, and the switch has a reliability of .98, what is the overall reliability of the systern? Both the switch and the backup computer must function in oder f..

  How would you adapt the implementation levers and strategic

apply the concepts of strategy formulation and implementation to your college experience. what was your objective in

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd