Thanks for the answer. Let me make it clear; 25% of prob that the demand will be between 5000-10000 and 40% prob that the demand between 10000/15000 and so on.Let's assume that the period is 12 years. Example: 25%*12=3 (it means in 3 years out 12, the demand will be between 5000 to 10000) or...
Demand
From To probaility
Low 5000 10000 25%
Medium 10000 15000 40%
Hi 15000 20000 35%
Period is 12 years, how am i supposed to randomize these?(the demand will be different for each year)
Ok, this is my first time with monte carlo. I've never dealt with it before, Here is the question below. How do i run the part A "which is the best strategy, about the percentage to finance, 40%, 60% and 80% of the initial investment?"
International Metals Corporation (IMC) produces and...