A dynamic Monte Carlo simulation of a repairable inventory system

Download
Author
Walsh, Richard Sheridan
Date
1967-12Advisor
Preston, F.W.
Metadata
Show full item recordAbstract
The simulation presented here attempts to provide a testing device
to be used in evaluating repairable inventory decision rules. The complexity
of the repairable inventory problem prevents mathematical analysis,
and trial-and-error solutions are too costly and time-consuming:
hence the systems simulation approach. The system is a general one and depicts the author's opinion of
what the average system design might be. Theoretical evaluations are
possible, and several die presented.