A Monte Carlo exercise to reduce the excess stock situation in a television factory

• Main Authors: Lopez, Ma. Concepcion, Minguez, Patricia Anne
• Format: text
• Language: English
• Published: Animo Repository 1987
• Subjects: Monte Carlo method; Television industry; Stocks
• Online Access: https://animorepository.dlsu.edu.ph/etd_bachelors/16000
• Institution: De La Salle University

This thesis aims to determine the most suitable inventory policy that will give the minimum total cost by finding the optimal amount of goods to order at a time. The Monte Carlo Method, an approach for reconstructing probability distributions based on the selection or generation of random numbers us...