Digital Library

of the European Council for Modelling and Simulation



Tools Of Monte Carlo Simulation In Inventory Management Problems


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.



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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