Develop a monte carlo simulation model to determine the, Management Information Sys

Develop a monte carlo simulation model to determine the

Consider the travel network shown in Figure 16.12in which the probabilities of selecting a route from each node are shown in parentheses.

a. Develop a Monte Carlo simulation model to determine the expected trip time from node 1 to node 7.

b. Simulate 10 trips and calculate the expected trip time.

Fig.: Travel Network

842_Travel Network.jpg

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