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If you're not already familiar with Monte Carlo simulation, I recommend you watch my conceptual video first: • Introduction to Monte ... .
The simulation add-in I am using in this video: treeplan.com/s... (I'm not sponsored by this company).
This is the first example of a Monte Carlo simulation I show to my students. Given future uncertain demand for a product, and assuming you need to commit to a production quantity in advance, how to choose a production quantity that will generate a high expected profit and keep risks in check?