Statistics and Simulation Modelling

Learning Outcome 1: Demonstrate a conceptual and critical understanding of simulation, simulation models and simulation validation and verification

Learning Outcome 2: Critically understand the application of statistical and simulation techniques to the analysis of consumer and business problems

Learning Outcome 3: Analyse data using appropriate simulation modelling techniques

Learning Outcome 4: Communicate statistical data appropriately in a relevant format to provide meaningful information

Learning Outcome 5: Utilise a range of software and datasets to develop and operationalise an appropriate methodology for the investigation of a problem in the field of statistics and simulation modelling.

Question: Discuss the results obtained when using multiple replications using default Arena report as well as additional performance measures developed in Question 2. Provide critical evaluation/insights on your developed model. Submit the simulation model file.(900 words)

Provide an evaluation of the results (including improvement areas)along with the implication within the whole supply chain. Critically analyse your developed model.

Aim to meet the overall word count. The word count does not include table of contents, abstract, pictures (screenshots),list of references and appendices.