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Compact case
Case
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Reference no. AD-0256-E
Published by: IESE Business School
Originally published in: 2001
Version: 28 November 2013
Revision date: 20-Mar-2018
Length: 3 pages
Data source: Generalised experience

Abstract

Quimica del Valles has to decide how many units to produce before knowing the demand. However, the company now faces two uncertain demands. This precludes the use of the critical fractile method, and so Monte Carlo simulation is introduced as an analysis tool capable of handling this problem.

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Abstract

Quimica del Valles has to decide how many units to produce before knowing the demand. However, the company now faces two uncertain demands. This precludes the use of the critical fractile method, and so Monte Carlo simulation is introduced as an analysis tool capable of handling this problem.

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