Design a simulation to determine what percent of the orders satisfy the order amount, homework help
Decision making
| A machine shop produces many parts but their biggest seller is the Deluxe Jig. |
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| Marketing only accepts orders in multiples of 50. Past demand data is: |
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| Order Amount | Number of Orders | ||||||||
| 50 | 33 | ||||||||
| 100 | 46 | all four process are normally ditrubuted |
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| 150 | 84 | ||||||||
| 200 | 74 | ||||||||
| 250 | 32 | ||||||||
| The Deluxe Jig goes through a four step process with the following yields: |
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| 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% |
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| The production lot size is 15% more than the order size |
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| Design a simulation to determine what percent of the orders satisfy the order amount (10 points) |
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| Provide data analysis to verify that you tested the model validity (5 points) |
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| Please name your excel file as LastNameAssgn1, for example I would name my file NeidighAssgn1 |
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