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In this paper, we present a class of efficient simulation and modified shrinkage testimators (ST) for the mean µ of … numerical tables obtained from simulation results. Two applications of real data have demonstrated that the method is versatile …
Persistent link: https://www.econbiz.de/10009352808
consolidation methods are evaluated via process modelling and simulation. The performance results of load consolidation methods are …
Persistent link: https://www.econbiz.de/10009352820
residuals, that incorporates the process input and output variables. A simulation approach is adopted to investigate the …
Persistent link: https://www.econbiz.de/10010741432
achieved by predicting future consumer behaviour through predictive and prescriptive analytics. Simulation plays a vital role … simulation approach applied to real-world scenarios, and describe its benefits over traditional econometric, statistical, and … suggests that an agent-based simulation approach can answer a range of complex consumer problems using minimal consumer demand …
Persistent link: https://www.econbiz.de/10010795465
Inventory control is one way to increase profit margins without altering resources. A spreadsheet model was developed for the inventory control of packaging material in a real case study from a fruit juice manufacturing firm. The contribution of this paper is the construction of a spreadsheet...
Persistent link: https://www.econbiz.de/10008563417
Inventory control is one way to increase profit margins without altering resources. A spreadsheet model was developed for the inventory control of packaging material in a real case study from a fruit juice manufacturing firm. The contribution of this paper is the construction of a spreadsheet...
Persistent link: https://www.econbiz.de/10005753848