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CyberLab: A New Business Opportunity for PRICO (B)
Bodily, Samuel E.; Weatherford, Larry
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CyberLab: A New Business Opportunity for PRICO (B)
Bodily, Samuel E.; Weatherford, Larry Case QA-0383 / Published August 4, 1991 / 3 pages.
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Several uncertain quantities that affect the desirability of the CyberLab proposal to PRICO (see UVA-QA-0382) are described, with their probability distributions. Students are expected to select a few possible scenarios randomly using these distributions, as an introduction to Monte Carlo simulation. A larger collection of trials is used in class to estimate the mean and approximate distribution of NPV for the proposal.




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  • Overview

    Several uncertain quantities that affect the desirability of the CyberLab proposal to PRICO (see UVA-QA-0382) are described, with their probability distributions. Students are expected to select a few possible scenarios randomly using these distributions, as an introduction to Monte Carlo simulation. A larger collection of trials is used in class to estimate the mean and approximate distribution of NPV for the proposal.

  • Learning Objectives

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