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Author Question: A distribution of lead times in an inventory problem indicates that lead time was 1 day 20% of the ... (Read 93 times)

Zoey63294

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Question 1

A distribution of service times at a waiting line indicates that service takes 12 minutes 30% of the time and 14 minutes 70% of the time. This distribution has been prepared for Monte Carlo analysis. The first four random numbers drawn are 07, 60, 77, and 49. The average service time of this simulation is
◦ 13.5 minutes.
◦ 16 minutes.
◦ 14 minutes.
◦ 13 minutes.
◦ 12 minutes.

Question 2

A distribution of lead times in an inventory problem indicates that lead time was 1 day 20% of the time, 2 days 30% of the time, 3 days 30% of the time, and. 4 days 20% of the time. This distribution has been prepared for Monte Carlo analysis. The first four random numbers drawn are 06, 63, 57, and 02. The average lead time of this simulation is
◦ 3 days.
◦ 4 days.
◦ 3.5 days.
◦ 2 days.
◦ 1.75 days.


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Marked as best answer by Zoey63294 on Dec 3, 2019

pallen55

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Zoey63294

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Reply 2 on: Dec 3, 2019
YES! Correct, THANKS for helping me on my review


scikid

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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