Perform a Simulation Assuming the Plant Will Be Designed to Meet

question 65

Essay

Perform a simulation assuming the plant will be designed to meet the expected demand. Use RISKSIMTABLE with a range of possible values to help the firm decide what the plant capacity should be. Briefly explain why designing the plant for the expected capacity is clearly not the optimal solution.

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Definitions:

Political

Related to the governance of a country or area, especially the debate or conflict among individuals or parties hoping to achieve power.

Military Considerations

Strategic and logistical evaluations made by armed forces to plan and conduct operations.

World Bank

A worldwide finance institution that delivers loans and grants to the government bodies of impoverished countries for capital project activities.

Infrastructure

The fundamental physical and organizational structures and facilities needed for the operation of a society or enterprise.