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Marco1
Level IV

"Simulation experiment module" with possible error?

Hello JMP Community!

 

A query,....... when using the "Simulation experiment" option and specifying the distributions Triangular for dollar price, Uniform for change dollar, Uniform for risk, indicate in "Specification limits" ....total change : LSL = 400 USL= 3600, total risk: LSL = 0 USL= 90, total change: LSL=3.36 USL= 3.9, indicate 128 experiments, 1 (full range) and run the simulation experiment.... JMP uses the ranges of the "exchange of dollars" table.......lines below I detail the procedure with images.....what am I doing wrong?

Regards,

Marco

 

Marco1_0-1673641104465.pngMarco1_1-1673641118642.pngMarco1_2-1673641140135.pngMarco1_3-1673641150628.png

 

2 REPLIES 2
SDF1
Super User

Re: "Simulation experiment module" with possible error?

Hi @Marco1 ,

 

  Would it be possible to share your data table to see if others can reproduce the same effect your experiencing?

 

Thanks!,

DS

Marco1
Level IV

Re: "Simulation experiment module" with possible error?

Hello SDF1 LEVEL VII,

I am pleased to greet you, I have attached the requested table.

Some questions:
1. Can JMP calculate the probability of an outcome? ...as Crystal Ball does it?...for example: what is the probability that my project achieves a profit of US$ 27.4 million....answer CB: 75%

Marco1_2-1673964403683.png
2. How can you achieve Monte Carlo simulations with (discrete) integers in JMP using the triangular, uniform, normal...etc distributions?

Tip: The "Simulation Experiment" platform should be able to work with random integers.

Regards,

Marco