(Steps Shown) Repeat the simulation of 200 iterations with values of U ranging from 40 to 80 in increments of 10. Keep L = 30 for every trial. Calculate


Question: Repeat the simulation of 200 iterations with values of U ranging from 40 to 80 in increments of 10. Keep L = 30 for every trial. Calculate the minimum, maximum, mean and 95% confidence interval (2.5% and 97.5% percentiles) from the 200 iterations for the 52 week cost and lost sales, under each policy. Graph the cost values versus U and lost sales values versus U.

Price: $2.99
Solution: The downloadable solution consists of 37 pages
Deliverable: Word Document

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