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Saigon Transport

In: Business and Management

Submitted By thapasatkar
Words 472
Pages 2
Saigon Transport | | | | | | | | | | | | Cumulative Prob (lower) | Less than Tons | Month | Random Number | Simulated Demand | Trucks Needed | 0.02 | 100,000 | 1 | 0.739457382 | 160000 | 2747 | 0.16 | 130,000 | 2 | 0.322106139 | 130000 | 2232 | 0.5 | 160,000 | 3 | 0.700992779 | 160000 | 2747 | 0.84 | 190,000 | 4 | 0.363226241 | 130000 | 2232 | 0.98 | 220,000 | 5 | 0.957208468 | 190000 | 3262 | | | 6 | 0.631958199 | 160000 | 2747 | | | 7 | 0.107785005 | 100000 | 1717 | | | 8 | 0.543258486 | 160000 | 2747 | | | 9 | 0.950414696 | 190000 | 3262 | | | 10 | 0.0514516 | 100000 | 1717 | | | 11 | 0.871086606 | 190000 | 3262 | | | 12 | 0.9177229 | 190000 | 3262 | | | 13 | 0.93888357 | 190000 | 3262 | | | 14 | 0.69853305 | 160000 | 2747 | | | 15 | 0.178639338 | 130000 | 2232 | | | 16 | 0.999747064 | 220000 | 3777 | | | 17 | 0.336035423 | 130000 | 2232 | | | 18 | 0.105039479 | 100000 | 1717 | | | 19 | 0.041873177 | 100000 | 1717 | | | 20 | 0.706826552 | 160000 | 2747 | | | 21 | 0.824921681 | 160000 | 2747 | | | 22 | 0.834781263 | 160000 | 2747 | | | 23 | 0.639862158 | 160000 | 2747 | | | 24 | 0.551001483 | 160000 | 2747 | | | 25 | 0.793450242 | 160000 | 2747 | | | 26 | 0.655315532 | 160000 | 2747 | | | 27 | 0.957711615 | 190000 | 3262 | | | 28 | 0.094147477 | 100000 | 1717 | | | 29 | 0.849824823 | 190000 | 3262 | | | 30 | 0.343052164 | 130000 | 2232 | | | | Average: | 154000 | 2644 | | | | Standard Deviation: | 32863 | 564 |

Using Excel’s VLookup function, we were able to estimate demand for 30 days at a time. The random number field was obtained using the =rand() function. Simulated demand uses VLookup by looking at the random number, scanning through the cumulative probabilities, then assigning the freight value associated with the...

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