QUESTION 3 Monte Carlo Simulation
Ajax Tyres | |||||||
DATA | |||||||
Prob | Cum prob | Demand | Selling | Price | $160 | $180 | |
0.05 | 100 | Monthly | Fixed cost | $2,000 | |||
0.1 | 120 | Profit | Margin | 20% | 30% | ||
0.2 | 140 | ||||||
0.3 | 160 | ||||||
0.25 | 180 | ||||||
0.1 | 200 | ||||||
1 | |||||||
MODEL | |||||||
Selling | Profit | Fixed | |||||
Month | RN1 | Demand | Price | RN2 | Margin | Costs | Profit |
1 | 0.23297 | #N/A | $180 | 0.22763 | 0.2 |
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