Use a Monte Carlo simulation in MS Excel to simulate 1 month (26 days) of operation to calculate

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  1. Use a Monte Carlo simulation in MS Excel to simulate 1 month (26 days) of operation to calculate monthly profit. Replicate this simulation for 156 days, 312 days, 624 days, and 936 days to calculate average monthly profit.
  2. You are looking to expand production to see if you can increase profits by baking 55, 60, 65, and 70 batches per day. On a separate tab of the same spreadsheet, use Scenario Manager to create a scenario summary for each batch.
 
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