CONDOMINIUM PROBLEM

Condominium Problem



Condominium Problem

Simulation Analysis

As stated in the problem the Condominium Inc wants to develop a new area where condominiums can be sold. On average it is estimated that 100 -150 condominiums can be sold, so we will be averaging out this which is to be 125 condominiums. Each condominium will be sold at $275,000. Therefore,

125 * $275,000 = $ 34,375,000

Material costs can vary between $100,000 and $115,000. The number of condos built, labor costs can vary $75,000 to $100,000 and material costs. The material costs have a discrete distribution depending on the demand for condominiums, while labor costs ...