Subject Area: Monte Carlo Simulation
An interview on monte carlo simulation and inventory optimization with Michael Worden, CEO of Right Sized Inventory
Software and techniques for inventory optimization have evolved over many years.
While this sounds like good news, the real issue is that the approach used in software is not always clear or transparent.
Recently I interviewed the CEO of Right Sized Inventory, Michael Worden, about Monte Carlo Simulation: Inventory Optimization, Spreadsheets, and Black Box Solutions.
The following is a transcript.
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Posted by: Phillip Slater