Simulation Modeling Part 1 | Monte Carlo and Inventory Analysis Applications

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Includes,
- types of simulation models (monte carlo simulation, operational gaming, systems simulation)
- inventory analysis using simulation
- calculation of stockout cost and holding cost
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Love this sir! Thank you so much! Stay safe!

patricialuize
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thanks for this Excellent piece..keep up the good work.

tusharamritkar
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Thank you for explaining so nicely. can you also make this simulation model in excel. Want to learn how to do it in excel...

manishachoudhary
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Appreciate the effort sir! Thank you for your discussions!

kagamitaiga
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Dr. Bhartendra Rai, my average number of car arrivals is 6.4. The answer is in decimal. Is it ok if it is decimal?
Because Car can either be 6 or 7, never be in decimal practically. So, is it OK?

PranavBhattarai
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How does sensitivity analysis come into each of these models?

Mvonsy
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Can it be used in supply chain management?

pashtun-travels-uk
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sir you said that for simulation there are 2 steps whicsh have to be answered ....sir what actually validation is ??

jasleenkaur
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Please suggest any book for simulation and modeling

DvaitAdvaitAdda
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How about opportunity loss.Safety stock.Trade discount and so on.

sirisaksirisak
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Sir, in the simulation, changing the price level changes the quality and cost of your merchandise. Is it true or not?

honeygoyal
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Hi Sir i am trying to run simulation on Road Traffic data, could you please help me with that ? Like how to go about it and what process should i use ?

TheRahib
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Plz provide the notes of simulation and modling

abhishekchauhan
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kitne log 2020 mei dekh rahe hai....like kro....

ashishsaxena