Ivey Case/ Superior Grain Inc.

Ivey Case/ Superior Grain Inc.
Study the case “Superior Grain Elevator, Inc.” and download “Superior Grain.xlsx” data file from BB9

Complete the simulation model for Superior Grain Elevator to access the economic benefits to be obtained by building the third wharf:

Complete the formulas for waiting times and demurrage costs for a model with three wharfs

.How many “ships” should be estimated?
Compute annual savings on demurrage costs to be obtained by building the third wharf Designate annual savings as an output in @Risk

Obtain distribution of the savings using 5000 iterations

.Write a management report (using the required format) suggesting and justifying an appropriate recommendation to the board.

 
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