Perwira Superbikes deals with large motorbikes that it imports from Japan. Because these bikes are expensive compared to others assembled locally, only a small number are sold as shown in the table below. The table represents a summary of all sales over the last 25 months.
|
No of units sold
|
Frequency
|
|
10
|
1
|
(4%)
|
|
12
|
3
|
(12%)
|
|
14
|
6
|
(24%)
|
|
16
|
8
|
(32%)
|
|
18
|
4
|
(16%)
|
|
19
|
2
|
(8%)
|
|
20
|
1
|
(4%)
|
Sales are expected to continue with the same trend for the future. At present, the company places an order for 16 bikes every month. The company has requested you to determine whether this policy of receiving 16 bikes per month should be continued. Use the Monte Carlo simulation technique over a period of 20 months and determine whether this is a viable policy.
(You can use POM-QM for Windows and Excel. Limit your answer to 150 words. This word length should exclude any tables, diagrams or figures)