Hellow guys, Welcome to my website, and you are watching A First Monte Carlo Simulation Example in Excel: Planning Production with Uncertain Demand. and this vIdeo is uploaded by Tallys Yunes at 2020-07-27T14:18:07-07:00. We are pramote this video only for entertainment and educational perpose only. So, I hop you like our website.
| Name | A First Monte Carlo Simulation Example in Excel: Planning Production with Uncertain Demand |
| Video Uploader | Video From Tallys Yunes |
| Upload Date | This Video Uploaded At 27-07-2020 21:18:07 |
| Video Discription | Enjoyed this content & want to support my channel? You can get the spreadsheet I build in the video or buy me a coffee! Links below: Buy me a coffee: https://www.buymeacoffee.com/tallysyunes Buy complete spreadsheet (must buy simulation add-in first; see below): https://www.buymeacoffee.com/tallysyunes/e/58123 Buy me an item from my wishlist: https://www.buymeacoffee.com/tallysyunes/wishlist If you're not already familiar with Monte Carlo simulation, I recommend you watch my conceptual video first: https://www.youtube.com/watch?v=iPGylvVGKus. The simulation add-in I am using in this video: https://treeplan.com/simvoi/ (I'm not sponsored by this company). This is the first example of a Monte Carlo simulation I show to my students. Given future uncertain demand for a product, and assuming you need to commit to a production quantity in advance, how to choose a production quantity that will generate a high expected profit and keep risks in check? |
| Category | Education |
| Tags | excel | solver | monte carlo | simulation | simvoi | confidence interval | standard deviation | z score | production | demand | uncertainty | confounding |
