Operations Management: Processes and Supply Chains, 12th Edition

Learning Goals in Review

Learning Goal	Guidelines for Review	MyLab Operations Management Resources
1 Identify four reasons for using simulation models.	Review the section “Reasons for Using Simulation Models,” pp. E-1–E-2 for four reasons why simulation is useful.
2 Perform a manual simulation using the Monte Carlo simulation process	See section “The Monte Carlo Simulation Process,” pp. E-2–E-6, which shows how random-number assignments are made for each random event. Focus on Table E.2. We also describe the model formulation process. Study Example E.2 to see how the eight steps are performed. Solved Problem 1 also provides an example.	POM for Windows: Simulation
3 Create a simple simulation model with an Excel spreadsheet.	The section ...