This is the epilogue to 2 previous videos that evaluated the optimum price for concert tickets when we consider uncertainty in demand and cost using SIPmath. The epilogue updates the model, discusses why the triangular distribution was used and then shows how survey results can be utilized to determine a probabilistic demand profile for the tickets. The objective of the series is to demonstrate good Decision Quality practices. Excel file available at : https://1drv.ms/x/s!AgtEj5D79IYqgb4fM...
Decision Quality using SIPmath Epilogue - YouTube |
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