Using of stochastic simulation for modeling of company sales plan in MS Excel

Show simple item record Michalcová, Šárka 2011-05-10T13:08:56Z 2011-05-10T13:08:56Z 2010
dc.identifier Univerzitní knihovna (studovna)
dc.identifier.issn 1211 – 555X
dc.description.abstract Current real business processes are affected by a series of complex interactive and interdependent elements with probabilistic and dynamic characteristics. In this case it cannot be used mathematical methods with the exact analytical solutions for analysis of business processes and one of the alternatives is using of simulation. It is a very useful tool which can serve for modeling of the complex processes and for carrying out experiments with them. This article discusses using of stochastic simulation to generate a variable demand for the products of certain virtual manufacturing and commercial company. Presented simulation includes process from stochastic behavior of anonymous demand for finished products of the company through the creation of binding orders and through the distribution channels of finished goods (distribution warehouse, company shop, direct customers). The results of stochastic simulation serve as a basis for subsequent use of descriptive statistics and statistic inference methods. Own simulation was performed by the Monte Carlo method and by using of widely available software MS Excel. eng
dc.format p. 151-164 eng
dc.language.iso eng
dc.publisher Univerzita Pardubice cze
dc.relation.ispartof Scientific papers of the University of Pardubice. Series D, Faculty of Economics and Administration. 17 (2/2010) eng
dc.subject sales plan eng
dc.subject confirmed and fejected orders eng
dc.subject computer simulation eng
dc.subject stochastic simulation eng
dc.title Using of stochastic simulation for modeling of company sales plan in MS Excel eng
dc.type Article eng
dc.peerreviewed yes eng
dc.publicationstatus published eng

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