Decision-Making-Simulation-
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 µ = 93.4% σ = 2.50% Lathe µ = 98.9% σ = 3.00% Polish µ = 98.4% σ = 1.00% 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 (10 points) Provide data analysis to verify that you tested the model validity (5 points)
Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"
