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Case
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Reference no. UVA-QA-0442
Published by: Darden Business Publishing
Originally published in: 1993
Version: 17 April 2013
Length: 6 pages
Data source: Published sources

Abstract

The B case describes Frank Lockfeld building a spreadsheet model that captures the essence of the discussion in the A case. Since this is a difficult model to build, we recommend using the B case when teaching the Calambra Olive Oil sequence early in a module on Monte Carlo simulation. The model, which is also available electronically and should be distributed with the B case, is set up to evaluate scenarios and compare (in multiple columns) the affect of different order quantities for the specified scenario. To turn the model into a simulation model, all the students need do is replace the scenario drivers with probability distributions. Note: the C case may be used in place of - NOT IN ADDITION TO - the B case. Rather than evaluate different order quantities in columns, the C case uses data tables.
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Abstract

The B case describes Frank Lockfeld building a spreadsheet model that captures the essence of the discussion in the A case. Since this is a difficult model to build, we recommend using the B case when teaching the Calambra Olive Oil sequence early in a module on Monte Carlo simulation. The model, which is also available electronically and should be distributed with the B case, is set up to evaluate scenarios and compare (in multiple columns) the affect of different order quantities for the specified scenario. To turn the model into a simulation model, all the students need do is replace the scenario drivers with probability distributions. Note: the C case may be used in place of - NOT IN ADDITION TO - the B case. Rather than evaluate different order quantities in columns, the C case uses data tables.

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