To build: The @RISK model which would contain the amount of money left with Person X, putting money in an FSA, and paying extra medical expenses in the output. Introduction: Simulation model is the digital prototype of the physical model that helps to forecast the performance of the system or model in the real world.

Question

PP.52 A manufacturer of solid state drives (SSDs) has projected the next six months of demand to be as shown the table below: Supply/Demand Info Beginning Jan Feb Mar Apr May Jun Forecast (demand) 53,800 53,400 51,000 63,800 49,200 59,000 Regular production Overtime production Subcontract production Ending inventory 4,000 Hired employees Fired employees Total employees 190 Cost variables are as follows: Cost Variables Labor cost/hour $16 Overtime cost/unit $39 Subcontracting cost/unit $35 Holding cost/unit/month $14 Hiring cost/employee $3,100 Firing cost/employee $5,500 Here is some additional relevant (capacity) information: Capacity Information Total labor hours/SSD 4 Regular production units/employee/month 200…

Answer 1

Question

Chapter 10, Problem 40P

a)

Summary Introduction

To build: The @RISK model which would contain the amount of money left with Person X, putting money in an FSA, and paying extra medical expenses in the output.

Introduction: Simulation model is the digital prototype of the physical model that helps to forecast the performance of the system or model in the real world.

b)

Summary Introduction

To build: The @RISK model which would contain the amount of money left with Person X, putting money in an FSA, and paying extra medical expenses in the output.

Introduction: Simulation model is the digital prototype of the physical model that helps to forecast the performance of the system or model in the real world.

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