Utilize este identificador para referenciar este registo: http://hdl.handle.net/10437/13107
Título: Economic disposal quantity of leftovers kept in storage: a Monte Carlo simulation method
Autores: Assis, Rui
Marques, Pedro Carmona
Santos, José Oliveira
Vidal, Raphaela
Palavras-chave: GESTÃO
GESTÃO DE STOCKS
TOMADA DE DECISÃO
OTIMIZAÇÃO
PROCESSOS ESTOCÁSTICOS
MANAGEMENT
STOCK MANAGEMENT
DECISION MAKING
OPTIMIZATION
STOCHASTIC PROCESSES
Citação: Assis, R.; Carmona Marques, P.; Oliveira Santos, J.; Vidal, R. (2019) . Economic disposal quantity of leftovers kept in storage: a Monte Carlo simulation method. Open Engineering, 2019,9. p. 1-9. DOI: https://doi.org/10.1515/eng-2019-0062
Resumo: This article describes how to reach an item’s threshold, or in other words, the limit time for it to be re 5 trieved from stock and sold for a different use, as well as the remaining foreseen period for this situation to occur. Once a minimum length, or weight, is reached, left quan tities are more difficult to sell, as demand often exceeds the remaining parts or leftovers. The number of unfulfilled 10 orders increases, as time goes by, until it becomes further cost effective to dispose the leftover and sell it for a lower price and alternative use. A Monte Carlo simulation model was built in order to consider the randomness of future transactions and quantifying consequences providing this 15 way a simple and effective decision-making. KEYWORDS: Decision-making ; Economical Optimization ; Monte-Carlo Simulation ; Stochastic Process
Descrição: Open Engineering, 2019
URI: http://hdl.handle.net/10437/13107
Aparece nas colecções:FE - Artigos de Revistas Internacionais com Arbitragem Científica

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