Subject category:
Economics, Politics and Business Environment
Published by:
IESE Business School
Version: 28 November 2013
Revision date: 20-Mar-2018
Share a link:
https://casecent.re/p/9697
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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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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.