# Simulation exercise

Save Time On Research and Writing
Hire a Pro to Write You a 100% Plagiarism-Free Paper.

To accomplish this assignment, you will need to simulate the solution. I suggest using Frontline’s Premium Risk Solver platform. You can download and install Frontline Premium Risk Solver at www.solver.com. If you have a different simulation package you would prefer to use, feel free.

Problem

You have been hired to help Floyd Enterprises determine how much to contribute to their company’s pension plan. They use a ten-year planning horizon to determine the contribution, which, if made annually in next 10 years, would allow for only a 10% chance of the fund running short of money. The company then makes that contribution in the current year and repeats this process in each subsequent year to determine the specific amount to contribute each year. Last year, the company contributed \$23 million to the plan. The pension plan covers both hourly and salaried employees.This year, 6,000 former hourly employees and 3,000 former salaried employees are receiving benefits from the plan. The changes in the number of retired hourly employees from one year to the next is expected to vary according to a normal distribution with a mean of 4% and a standard deviation of 1%. The change in the number of retired salaried employees from one year to the next is expected to vary between 1% and 4% according to a truncated normal distribution with a mean of 2% and a standard deviation of 1%. Currently, hourly retirees receive an average benefit of \$15,000 per year, and salaried retirees receive an average annual benefit of \$40,000. Both of these averages are expected to increase annually with the rate of inflation, which is assumed to vary between 2% and 7% according to a triangular distribution with a most likely value of 3.5%. The current balance in the company’s pension fund is \$1.5 billion. Investments in this fund earn an annual return that is assumed to be normally distributed with a mean of 12% and a standard deviation of 2%. Create a model for this problem and use simulation to determine the pension fund contribution the company should make in the current year. What is your recommendation?

Save Time On Research and Writing
Hire a Pro to Write You a 100% Plagiarism-Free Paper.

Turn in your simulation file, whether it is a spreadsheet, R script, etc.

# What Will You Get?

We provide professional writing services to help you score straight A’s by submitting custom written assignments that mirror your guidelines.

Get result-oriented writing and never worry about grades anymore. We follow the highest quality standards to make sure that you get perfect assignments.

#### Experienced Writers

Our writers have experience in dealing with papers of every educational level. You can surely rely on the expertise of our qualified professionals.

#### On-Time Delivery

Someone from our customer support team is always here to respond to your questions. So, hit us up if you have got any ambiguity or concern.

#### Complete Confidentiality

Sit back and relax while we help you out with writing your papers. We have an ultimate policy for keeping your personal and order-related details a secret.

#### Authentic Sources

We assure you that your document will be thoroughly checked for plagiarism and grammatical errors as we use highly authentic and licit sources.

#### Moneyback Guarantee

Still reluctant about placing an order? Our 100% Moneyback Guarantee backs you up on rare occasions where you aren’t satisfied with the writing.

#### Order Tracking

You don’t have to wait for an update for hours; you can track the progress of your order any time you want. We share the status after each step.

#### Areas of Expertise

Although you can leverage our expertise for any writing task, we have a knack for creating flawless papers for the following document types.

# Trusted Partner of 9650+ Students for Writing

From brainstorming your paper's outline to perfecting its grammar, we perform every step carefully to make your paper worthy of A grade.

##### Preferred Writer

Hire your preferred writer anytime. Simply specify if you want your preferred expert to write your paper and we’ll make that happen.

##### Grammar Check Report

Get an elaborate and authentic grammar check report with your work to have the grammar goodness sealed in your document.

##### One Page Summary

You can purchase this feature if you want our writers to sum up your paper in the form of a concise and well-articulated summary.

##### Plagiarism Report

You don’t have to worry about plagiarism anymore. Get a plagiarism report to certify the uniqueness of your work.

## Free Features \$66FREE

• Most Qualified Writer \$10FREE
• Plagiarism Scan Report \$10FREE
• Unlimited Revisions \$08FREE
• Paper Formatting \$05FREE
• Cover Page \$05FREE
• Referencing & Bibliography \$10FREE
• Dedicated User Area \$08FREE

#### Services offered

• On-time Delivery

We create perfect papers according to the guidelines.

##### Professional Editing

We seamlessly edit out errors from your papers.

Work with ultimate peace of mind because we ensure that your academic work is our responsibility and your grades are a top concern for us!

# Check Out Our Sample Work

Dedication. Quality. Commitment. Punctuality

Categories
All samples
Essay (any type)
Essay (any type)
The Value of a Nursing Degree
Nursing
2

# It May Not Be Much, but It’s Honest Work!

Here is what we have achieved so far. These numbers are evidence that we go the extra mile to make your college journey successful.

# Process as Fine as Brewed Coffee

We have the most intuitive and minimalistic process so that you can easily place an order. Just follow a few steps to unlock success.

# See How We Helped 9000+ Students Achieve Success

#### We Analyze Your Problem and Offer Customized Writing

We understand your guidelines first before delivering any writing service. You can discuss your writing needs and we will have them evaluated by our dedicated team.

• Clear elicitation of your requirements.
• Customized writing as per your needs.

#### We Mirror Your Guidelines to Deliver Quality Services

We write your papers in a standardized way. We complete your work in such a way that it turns out to be a perfect description of your guidelines.

• Proactive analysis of your writing.
• Active communication to understand requirements.