Dr. Bhartendra Rai, my average number of car arrivals is 6.4. The answer is in decimal. Is it ok if it is decimal? Because Car can either be 6 or 7, never be in decimal practically. So, is it OK?
@@bkrai Thanks a lot. You made a pretty good video. Clean and clear. I hope you do make videos more in future. Hope your families are safe during this pandemic. Take care.
I think validation is where you make sure that your system satisfies the customer's requirements/ needs (making sure that what you have done is 100% right)
Hi Sir i am trying to run simulation on Road Traffic data, could you please help me with that ? Like how to go about it and what process should i use ?
The process will depend on what type of data you have. In addition you may have to make some assumptions when using a statistical distribution to do the simulation.
Love this sir! Thank you so much! Stay safe!
You are very welcome !
thanks for this Excellent piece..keep up the good work.
You are welcome!
Thank you for explaining so nicely. can you also make this simulation model in excel. Want to learn how to do it in excel...
Thanks, I'll look into it.
@@bkrai thanks....I have my exams on 10th jan 2021....let me know if you're done before that.
Numbers that I'm writing on the screen, can be directly put in Excel.
@@bkrai can you share your email id....I will solve a problem in excel and share with you to know if I have done correctly or not
Clear explanations thanks sir
You are welcome!
Dr. Bhartendra Rai, my average number of car arrivals is 6.4. The answer is in decimal. Is it ok if it is decimal?
Because Car can either be 6 or 7, never be in decimal practically. So, is it OK?
Average can be in decimals, so 6.4 is ok.
@@bkrai Thanks a lot. You made a pretty good video. Clean and clear. I hope you do make videos more in future.
Hope your families are safe during this pandemic. Take care.
Thanks! Stay safe!
Appreciate the effort sir! Thank you for your discussions!
Always welcome!
Sir, in the simulation, changing the price level changes the quality and cost of your merchandise. Is it true or not?
sir you said that for simulation there are 2 steps whicsh have to be answered ....sir what actually validation is ??
I think validation is where you make sure that your system satisfies the customer's requirements/ needs (making sure that what you have done is 100% right)
Thanks!
Can it be used in supply chain management?
Yes, simulation modeling is used in supply chain management too.
very useful thanks
+khaled bibo good to hear👍
How does sensitivity analysis come into each of these models?
For simulation, I didn't use sensitivity analysis.
Thankyou for the videoo 😭😭👍🏻
You are very welcome!
Niceee
thx
Please suggest any book for simulation and modeling
Try Quantitative Analysis for Management (Pearson) by Render Stair Hanna
Thanks alot sir
Op
thx
How about opportunity loss.Safety stock.Trade discount and so on.
Thank you so much
welcome!
Hi Sir i am trying to run simulation on Road Traffic data, could you please help me with that ? Like how to go about it and what process should i use ?
The process will depend on what type of data you have. In addition you may have to make some assumptions when using a statistical distribution to do the simulation.
thank u
where do you teach, sir?
University of Massachusetts.
book name sir
"Quantitative Management" by Render, B., Stair, R.M., Jr., and Hanna M.E.
Plz provide the notes of simulation and modling
probably you can take screenshots.
kitne log 2020 mei dekh rahe hai....like kro....
धन्यवाद💐💐💐
any bput students??
not sure.