Service Management 7th Edition by James Fitzsimmons, Mona Fitzsimmons

Exercise 7

You have been asked by a retail association to develop an inventory control program for use on a PC. The program development requires the completion of the following three activities in sequence. You are concerned about the likelihood of finishing the project in the promised 10 days.

Using the Monte Carlo method, simulate 10 program development experiences. On the basis of your simulation results, what is the probability of finishing the project in 10 days?