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Contemporary Decision Making

A warehouse manager, Jane, needs to determine how many order pickers she should staff. The daily demand is normally distributed with a mean of 58,855 parts and a standard deviation of 4876 parts. The number of parts that order pickers pick daily is normally distributed with a mean of 6012 parts and a standard deviation of 163 parts.

Design a simulation using excel to help Jane determine how many order pickers she should hire so that demand is satisfied 97.5% of the time.

Please explain your workings.

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M91964798
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