Note: means the problem may be solved with POM for Windows and/or Excel OM or Excel.

  1. The problems that follow involve simulations that can be done by hand. However, to obtain accurate and meaningful results, long periods must be simulated. This task is usually handled by a computer. If you are able to program some of the problems in Excel or a computer language with which you are familiar, we suggest you try to do so. If not, the hand simulations will still help you understand the simulation process.

Problems F.1–F.15 relate to Monte Carlo Simulation

  1. F.1 The daily demand for tuna sandwiches at an Ohio University cafeteria vending ...

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