The Monte Carlo simulator is not working at present. It was working until I put it on this site. I am investigating the problem.
Archive | September, 2016
There is now an online Monte Carlo inventory management simulator available for use. Clicking on the “Simulator” tab in the menu at the top of the page will open the simulator in a new browser tab. Click here for instructions for using it. Each simulation is carried out for each day until there have been […]
This article provides an overview of inventory management simulation and its use for testing algorithms. If you want to use a particular algorithm for demand forecasting or reordering then it is desirable to simulate the effects first in order to avoid unpleasant surprises. A useful starting point is to use a spreadsheet to gain a […]