@article{Ramadan_Gio_Elly Rosmaini_2020, title={Monte Carlo Simulation Approach to Determine the Optimal Solution of Probabilistic Supply Cost}, volume={2}, url={https://talenta.usu.ac.id/jormtt/article/view/3752}, DOI={10.32734/jormtt.v2i1.3752}, abstractNote={<p><span class="fontstyle0">Monte Carlo simulation is a probabilistic simulation where the solution of problem is given based on random process. The random process involves a probability<br>distribution from data variable collected based on historical data. The used model is probabilistic Economic Order Quantity Model (EOQ). This model then assumed use Monte Carlo simulation, so that obtained the total of optimal supply cost in the future. Based on data processing, the result of probabilistic EOQ is $486128,19. After simulation using Monte Carlo simulation where the demand data follows normal distribution and it is obtained the total of supply cost is $46116,05 in 23 months later. Whereas the demand data uses Weibull distribution is obtained the total of supply stock is $482301,76. So that, Monte Carlo simulation can calculate the total of optimal supply in the future based on historical demand data.</span></p>}, number={1}, journal={Journal of Research in Mathematics Trends and Technology}, author={Ramadan, Helmi and Gio, Prana Ugiana and Elly Rosmaini}, year={2020}, month={Feb.}, pages={1-6} }