Journal of Applied Engineering and Technological Science (JAETS)
Vol. 4 No. 1 (2022): Journal of Applied Engineering and Technological Science (JAETS)

Model of Inventory Planning Using Monte Carlo Simulation in Retail Supermarket with Consider To Competitors and Stimulus Strategies

Yuri Delano Regent Montororing (Universitas Bhayangkara Jakarta Raya)
Murwan Widyantoro (Bhayangkara Jakarta Raya University)

Article Info

Publish Date
02 Nov 2022

Abstract

Retail Supermarket is a retail company that provides various types of products to meet the primary needs of the community or people, such as food needs, various cleaning products, snacks, beverages, cosmetics, and many others. The growing retail business requires continously managed in retail company to work more effectively and efficiently in order to be able to face intense business competition so that business continuity can be maintained. The continuity of the company can be maintained if it is managed properly and has proper planning and control. Proper and careful planning followed by good control will continuously make the company's goal of achieving maximum profit achievable. This study will provide a proposal for inventory planning model using the Monte Carlo simulation method by paying attention to competitors and stimulus strategies, which can be used to predict sales for the next period so that the amount of inventory can be planned properly.

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Journal Info
Journal of Applied Engineering and Technological Science (JAETS)
Website

Abbrev

jaets

Publisher

Yayasan Pendidikan Riset dan Pengembangan Intelektual

Subject

Civil Engineering, Building, Construction & Architecture Computer Science & IT Decision Sciences, Operations Research & Management Electrical & Electronics Engineering Industrial & Manufacturing Engineering

Description

Journal of Applied Engineering and Technological Science (JAETS) is published by Yayasan Pendidikan Riset dan Pengembangan Intelektual (YRPI), Pekanbaru, Indonesia. It is academic, online, open access, peer reviewed international journal. It aims to publish original, theoretical and practical ...