Rezumat: The article presents the simulation method assessment of production management model. Input variables and required assumptions for the simulation are defined based on production requirements. For selected variables both data and expert based distributions are determined. The values of production efficiency coefficients are calculated according to variability of various operating parameters. On the basis of simulation results, the probability of achieving required production output is calculated.
Cuvinte cheie: production management, stochastic optimization, crystal ball
Citează acest articol: Renata Walczak. PRODUCTION MANAGEMENT ANALYSIS USING MONTE CARLO METHOD. Journal of International Scientific Publications: Economy & Business 8, 1062-1069 (2014). https://www.scientific-publications.net/en/article/1000460/
Disclaimer: The Publisher and/or the editor(s) are not responsible for the statements, opinions, and data contained in any published works. These are solely the views of the individual author(s) and contributor(s). The Publisher and/or the editor(s) disclaim any liability for injury to individuals or property arising from the ideas, methods, instructions, or products mentioned in the content.
Submit Feedback
We value your input! Use this form to report any concerns or provide feedback on our published articles. All submissions will be kept confidential.
