Assignemnt
A machine shop produces many parts but their biggest seller is the Deluxe Jig.
Marketing only accepts orders in multiples of 50. Past demand data is:
|
Order Amount
|
Number of Orders
|
|
50
|
33
|
|
100
|
46
|
|
150
|
84
|
|
200
|
74
|
|
250
|
32
|
The Deluxe Jig goes through a four step process with the following yields:
|
Cutting
|
µ =
|
96.6%
|
σ =
|
1.00%
|
|
Grinding
|
µ =
|
93.4%
|
σ =
|
2.50%
|
|
Lathe
|
µ =
|
98.9%
|
σ =
|
3.00%
|
|
Polish
|
µ =
|
98.4%
|
σ =
|
1.00%
|
Note: The yield cannot exceed 100%
The production lot size is 15% more than the order size
Design a simulation to determine what percent of the orders satisfy the order amount.
Provide data analysis to verify that you tested the model validity.