MULTIVARIATE INVENTORY AND SELECTED PROBLEMS USING MULTI STAGE MONTE CARLO OPTIMIZATION

摘要

The multi stage Monte Carlo optimization (MSMCO) solution technique is used to solve a finite replenishment rate constrained inventory problem and, additionally, one in combination with economic order quantity ones. Then, some general purpose optimization problems are solved along with a nonlinear system of equations. A discussion on the wide variety of inventory problems in existence, along with the versatility of MSMCO, is presented. A partial geometric and statistical review of the multi stage technique is also mentioned along with the five examples presented in detail. Then a listing of various other applications areas for multi stage (MSMCO) is presented along with a section on the "Central Limit Theorem of Optimization Idea."