Your current place of employment has tasked you to investigate how Monte Carlo Simulation could be implemented and to prepare a presentation with examples. (If you would like, you might also consider another company, but preferably you should choose your current company).
Develop a presentation addressing the following:
· Describe the company environment
· Explain how Monte Carlo simulation might be utilized at the organization
· Provide 2 solid examples
· Pick 1 of your examples and go into more detail. Some things to consider might be:
· Explain what would go into the model
· How would you set it up in Excel? What Excel functions might be needed
· What information is needed? For example, what distributional shapes would characterize certain variables?
· Basically, you should try to explain how you do the analysis without actually having to do it.
· Let’s say the analysis was actually performed. How can management use these results? How would it benefit the company?
Atleast 4 pages and answer all the questions above.
Answer them separately =
1) usefulness of simulation and risk analysis in the organization
2) What do you mean by simulation and risk analysis.
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