Quasi Monte Carlo for Periodic Review in Inventory Systems
Periodic Review as a method is widely used especially in inventory system. In this paper Quasi Monte Carlo is used for simulating Periodic Review. The problem: How to implement Quasi Monte Carlo simulation in Periodic Review for inventory system of MSMEs in order to achieve the expected minimum inve...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
EDP Sciences
2023-01-01
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| Series: | E3S Web of Conferences |
| Online Access: | https://www.e3s-conferences.org/articles/e3sconf/pdf/2023/85/e3sconf_icenis2023_02033.pdf |
| _version_ | 1797345500756705280 |
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| author | Sugiharti Endang Mustafid Isnanto R. Rizal Warsito Budi Wibowo Adi |
| author_facet | Sugiharti Endang Mustafid Isnanto R. Rizal Warsito Budi Wibowo Adi |
| author_sort | Sugiharti Endang |
| collection | DOAJ |
| description | Periodic Review as a method is widely used especially in inventory system. In this paper Quasi Monte Carlo is used for simulating Periodic Review. The problem: How to implement Quasi Monte Carlo simulation in Periodic Review for inventory system of MSMEs in order to achieve the expected minimum inventory cost? The solution offered: Implementation of Periodic Review with Quasi Monte Carlo in inventory system in MSMEs in order to achieve the expected minimum inventory cost. The method used in this article is a Literature Study on the use of Periodic Review optimization with Quasi Monte Carlo which is implemented in the inventory system. Result: Through the use of Quasi Monte Carlo in Periodic Review in Inventory System, the minimum inventory cost expected by MSMEs is achieved. |
| first_indexed | 2024-03-08T11:18:31Z |
| format | Article |
| id | doaj.art-81c07ba295d0450090f921b46a994a83 |
| institution | Directory Open Access Journal |
| issn | 2267-1242 |
| language | English |
| last_indexed | 2024-03-08T11:18:31Z |
| publishDate | 2023-01-01 |
| publisher | EDP Sciences |
| record_format | Article |
| series | E3S Web of Conferences |
| spelling | doaj.art-81c07ba295d0450090f921b46a994a832024-01-26T10:28:00ZengEDP SciencesE3S Web of Conferences2267-12422023-01-014480203310.1051/e3sconf/202344802033e3sconf_icenis2023_02033Quasi Monte Carlo for Periodic Review in Inventory SystemsSugiharti Endang0Mustafid1Isnanto R. Rizal2Warsito Budi3Wibowo Adi4Doctoral Program of Information System, Universitas DiponegoroDoctoral Program of Information System, Universitas DiponegoroDoctoral Program of Information System, Universitas DiponegoroDoctoral Program of Information System, Universitas DiponegoroDoctoral Program of Information System, Universitas DiponegoroPeriodic Review as a method is widely used especially in inventory system. In this paper Quasi Monte Carlo is used for simulating Periodic Review. The problem: How to implement Quasi Monte Carlo simulation in Periodic Review for inventory system of MSMEs in order to achieve the expected minimum inventory cost? The solution offered: Implementation of Periodic Review with Quasi Monte Carlo in inventory system in MSMEs in order to achieve the expected minimum inventory cost. The method used in this article is a Literature Study on the use of Periodic Review optimization with Quasi Monte Carlo which is implemented in the inventory system. Result: Through the use of Quasi Monte Carlo in Periodic Review in Inventory System, the minimum inventory cost expected by MSMEs is achieved.https://www.e3s-conferences.org/articles/e3sconf/pdf/2023/85/e3sconf_icenis2023_02033.pdf |
| spellingShingle | Sugiharti Endang Mustafid Isnanto R. Rizal Warsito Budi Wibowo Adi Quasi Monte Carlo for Periodic Review in Inventory Systems E3S Web of Conferences |
| title | Quasi Monte Carlo for Periodic Review in Inventory Systems |
| title_full | Quasi Monte Carlo for Periodic Review in Inventory Systems |
| title_fullStr | Quasi Monte Carlo for Periodic Review in Inventory Systems |
| title_full_unstemmed | Quasi Monte Carlo for Periodic Review in Inventory Systems |
| title_short | Quasi Monte Carlo for Periodic Review in Inventory Systems |
| title_sort | quasi monte carlo for periodic review in inventory systems |
| url | https://www.e3s-conferences.org/articles/e3sconf/pdf/2023/85/e3sconf_icenis2023_02033.pdf |
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