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Digital Library

of the European Council for Modelling and Simulation

 

Title:

Tools Of Monte Carlo Simulation In Inventory Management Problems

Authors:

Jacek Zabawa, Bo┼╝ena Mielczarek

Published in:

 

ECMS 2007 Proceedings

Edited by: Ivan Zelinka, Zuzana Oplatkova, Alessandra Orsoni

 

ISBN: 978-0-9553018-2-7

Doi: 10.7148/2007

 

21st European Conference on Modelling and Simulation,

Prague, June 4-6, 2007

 

Citation format:

Zabawa, J., & Mielczarek, B. (2007). Tools Of Monte Carlo Simulation In Inventory Management Problems. ECMS 2007 Proceedings edited by: I. Zelinka, Z. Oplatkova, A. Orsoni (pp. 56-61). European Council for Modeling and Simulation. doi:10.7148/2007-0056.

DOI:

http://dx.doi.org/10.7148/2007-0056

Abstract:

This paper describes the simulation model of supply chain and its implementation using general purpose tool and the simulation package. The output of Monte Carlo experiments taken both from spreadsheet formulas in Microsoft Excel and from graphical environment of Extend software was confronted and revised and then model was used to find the minimal inventory cost.

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