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Analysis of variance is performed in a formal sensitivity analysis of a simulation model. This technique identifies those variables that significantly affect the response variable(s). Then curves are fitted to the results to explain the response in terms of the significant variables. Finally, the equations are available to optimize the system under study.
RAAM is a facilities management company. It does all of the applications design, programming and data-processing for manufacturing, distribution and retail businesses. The use of resources must be carefully budgeted to maintain a healthy financial position. It has two machines. One a System 360/Model 40, the other a System 360/Model 30. The question was… (More)