Optimal Inventory Policy for Stochastic Demand Using Monte Carlo Simulation and Evolutionary Algorithm
Research on inventory models has been conducted intensively, including the model for stochastic demand. However, inventory models for stochastic demand are not easy to solve using an exact algorithm. In this paper, we develop a Monte Carlo simulation method to solve inventory problems with stochasti...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Petra Christian University
2017-01-01
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| Series: | JIRAE (International Journal of Industrial Research and Applied Engineering) |
| Subjects: | |
| Online Access: | http://jirae.petra.ac.id/index.php/jirae/article/view/19329 |