Lesson 10: Vendor Simulation

November 10, 2025

Review:

  • Discrete vs Continuous probability/simulation
    • This week – discrete
    • Next week – continuous
  • Lucky 7

Presentation:

Activity/Assignment:

  • Create your own copy of the Vendor Simulation (File>Make a Copy)
  • Create a business idea for selling a product(s) to students/faculty/staff in the HSB entrance/atrium.
  • Use the Vendor Simulation to estimate average daily profit for your business idea.
  • Modify the Vendor Simulation to accommodate additional criteria you need to take into account.
  • Customize the spreadsheet so that you could demonstrate to potential investors (or HSB and CSUP Admin for approval).
  • Write a 1-page Executive Summary presenting your business idea and illustrating the profit potential.

Justin

Justin Holman is CEO of Aftermarket Analytics, where he leads efforts to develop cutting edge sales forecasting and inventory optimization technology for the Automotive Aftermarket. Prior to joining Aftermarket Analytics, Justin managed corporate consulting for the Strategy & Analytics division at MapInfo Corporation, leading major projects for retail clients including The Home Depot, Darden Restaurants, Bridgestone-Firestone, Sainsbury’s and New York & Company. Before that, Justin served as Vice President of Software Development at LogicTools, now part of IBM's supply chain application software group. Justin holds a B.A. from Claremont McKenna College, a Ph.D. from the University of Oregon and an Executive Management certificate from Northwestern University's Kellogg School of Management.

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