In Order to Determine the Value of Discrete Demand in a Simulation

question 17

Short Answer

In order to determine the value of discrete demand in a simulation model using Excel, the ________ function is used to associate a specific value of demand with a random number.

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Definitions:

Oral Presentation

A spoken performance or speech delivered to an audience to convey information or arguments.

Anecdote

An anecdote is a short, personal story about a real incident or person, usually shared to illustrate a point or entertain.

Problem-cause-solution

A rhetorical structure that identifies a problem, analyzes the cause(s), and proposes one or more solutions.

Comparative Advantages

The ability of an entity to produce goods or services at a lower opportunity cost than others.