A Warehouse Manager Needs to Simulate the Demand Placed on a Product

question 65

Essay

A warehouse manager needs to simulate the demand placed on a product that does not fit standard models. The concept being measured is "demand during lead time," where both lead time and daily demand are variable. The historical record for this product suggests the following probability distribution. Convert this distribution into random number intervals.
$$\begin{array} { | c | c | } \hline \text { Demand during lead time } & \text { Probability } \\\hline 100 & .02 \\\hline 120 & .15 \\\hline 140 & .25 \\\hline 160 & .15 \\\hline 180 & .13 \\\hline 200 & .30 \\\hline\end{array}$$

---

Definitions:

Dynamic

Defined by unceasing alteration, motion, or advancement.

Initiating Structure

The degree to which a leader concentrates on group goal attainment.

Formal Designation

Refers to the official title or status bestowed upon a person, place, or thing through a conventional or recognized procedure.

Leadership Traits

Characteristics or qualities that are commonly found in effective leaders, such as confidence, integrity, and decisiveness.