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    [AP-Alumni] Sean Xavier Saculles
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    Using Monte Carlo simulation, the simulated demand for the next 10 days was determined based on the probability distribution of historical demand. Random numbers were generated between 0 and 1 for each day and mapped to a demand based on the cumulative probability ranges, resulting in simulated demands of 10, 20, 50, 20, 10, 40, 10, 20, 50, and 20 for the 10 days.

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    Using Monte Carlo simulation, the simulated demand for the next 10 days was determined based on the probability distribution of historical demand. Random numbers were generated between 0 and 1 for each day and mapped to a demand based on the cumulative probability ranges, resulting in simulated demands of 10, 20, 50, 20, 10, 40, 10, 20, 50, and 20 for the 10 days.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    3 views1 page

    07 Activity 1 1

    Uploaded by

    [AP-Alumni] Sean Xavier Saculles
    Using Monte Carlo simulation, the simulated demand for the next 10 days was determined based on the probability distribution of historical demand. Random numbers were generated between 0 and 1 for each day and mapped to a demand based on the cumulative probability ranges, resulting in simulated demands of 10, 20, 50, 20, 10, 40, 10, 20, 50, and 20 for the 10 days.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    Required: Using Monte Carlo Simulation, determine the simulated demand for the next 10 days.

    Range
    Demand Frequency Probability Cumulative Lower Higher Demand
    0 10 5% 5% 0 5% 0
    10 20 10% 15% 5% 15% 10
    20 50 25% 40% 15% 40% 20
    30 40 20% 60% 40% 60% 30
    40 60 30% 90% 60% 90% 40
    50 20 10% 100% 90% 100% 50
    200 100%

    Day Random Simulated demand


    1 0.90861681 10
    2 0.42966368 20
    3 0.97000132 50
    4 0.66202822 20
    5 0.17653979 10
    6 0.30085823 40
    7 0.5485017 10
    8 0.41411722 20
    9 0.5035525 50
    10 0.67264987 20

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