Question 1
Subject:StatisticsPrice: Bought3
Question 1. Using Arena, develop a simulation model of a supply chain of your choice. The structure of supply chain must incorporate suppliers (minimum 1), manufacturers (minimum 1), distribution centres (minimum 2), retailers (minimum 2), and one return point on remanufacture should be clearly stated. Develop the model further by incorporating three performance measures of your choice to the manufacturing plant as well as to the distribution centre site. Describe the process used to develop the model and how the performance measures are incorporated. Discus the results obtained when using multiple replications. Submit the simulation model file. Question 2. Based on the results obtained in question 1, further develop/modify the simulation model to improve the performance. Discuss the approach used to develop this part and compare the results with that of Question 1. Provide critical insights on your model development in Question 2.
