What is the demand for each random number? A warehouse manager at Mary Beth Marr

Question

What is the demand for each random number?

A warehouse manager at Mary Beth Marrs Corp. 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, along with the cumulative distribution, appear in the table Demand During Lead Time 120 140 160 180 200 220 240 Probability 0.01 0.15 0.25 0.10 0.06 0.08 0.35 Cumulaive Probability 0.01 0.16 0.41 0.51 0.57 0.65 1.00 The following random numbers have been generated: 9, 16, 34, 47, and 74. (Note: Assume the random number interval begins at 01 and ends at 00.)

Explanation / Answer

What is the demand for each random number?

A warehouse manager at Mary Beth Marrs Corp. 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, along with the cumulative distribution, appear in the table Demand During Lead Time 120 140 160 180 200 220 240 Probability 0.01 0.15 0.25 0.10 0.06 0.08 0.35 Cumulaive Probability 0.01 0.16 0.41 0.51 0.57 0.65 1.00 The following random numbers have been generated: 9, 16, 34, 47, and 74. (Note: Assume the random number interval begins at 01 and ends at 00.)

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