Cover: A Test of a Statistical Method for Computing Selected Inventory Model Characteristics by Simulation

A Test of a Statistical Method for Computing Selected Inventory Model Characteristics by Simulation

Published 1963

by Murray A. Geisler

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A study in the development and application of simulation techniques for management policies and other problems involving complex systems of random variables. In RM-3242, special statistical methods were used to compute the sample sizes for specified inventory models. In this study, the methods are tested by applying them to particular inventory cases, and determining how well the actual precision and confidence obtained in the estimates agree with expectation.

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