Comments on: Monte Carlo Simulation Excel on Variability and Queueing https://6sigma.com/modeling-the-impact-of-variability-with-monte-carlo-simulation/ Six Sigma Certification and Training Fri, 28 Feb 2025 10:25:37 +0000 hourly 1 By: Sukumar Roy https://6sigma.com/modeling-the-impact-of-variability-with-monte-carlo-simulation/#comment-25633 Mon, 31 Oct 2011 14:56:15 +0000 https://opexlearning.com/resources/?p=9391#comment-25633 Monte Carlo Simulation has been used for a long long time. A number of Excel add-on modules such as Crystal Ball, @Risk, etc. have been available and this reader has applied them in Six Sigma projects.

Also, Discrete Event Simulation – which also utilizes Monte Carlo – is even more powerful and is perhaps more suitable for determining WIP and related uncertainties. This reader has applied it in a number of projects related to aluminum smelters and fabrication units. Two most prominent ones were for the casting department for aluminum smelters and aluminum gas cylinder manufacturing facility.

]]> By: leansimulations https://6sigma.com/modeling-the-impact-of-variability-with-monte-carlo-simulation/#comment-25632 Tue, 25 Oct 2011 21:36:25 +0000 https://opexlearning.com/resources/?p=9391#comment-25632 Awesome simulation! I played around with it for a bit and it’s kinda fun. It’s a lot easier than rolling dice, although that can be fun too!
Thanks for sharing.

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