Accession Number : AD0624664

Title :   MONTE CARLO TECHNIQUES OF SIMULATION APPLIED TO A SINGLE ITEM INVENTORY SYSTEM.

Descriptive Note : Master's thesis,

Corporate Author : TEXAS A AND M UNIV COLLEGE STATION

Personal Author(s) : Aldred,William Murray ,Jr.

Report Date : AUG 1965

Pagination or Media Count : 82

Abstract : This study is devoted to the following objectives: (1) A brief introduction of the basic principles underlying inventory control problems along with a discussion of selected approaches to their solution; (2) A description of the usefulness of simulation studies of inventory systems and the basic concepts involved; and (3) A thorough analysis of a real world inventory problem and the two computer programs written to simulate the situation and evaluate the economic impact of varying local inventory policies.

Descriptors :   (*MONTE CARLO METHOD, INVENTORY CONTROL), (*INVENTORY CONTROL, MONTE CARLO METHOD), SIMULATION, INVENTORY ANALYSIS, INVENTORY CONTROL, MANAGEMENT

Subject Categories : Administration and Management
      Numerical Mathematics

Distribution Statement : APPROVED FOR PUBLIC RELEASE