The Use of Monte Carlo Simulation Method in Decision Support Via MATLAB Script
PublisherUniversity of Zilina
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In our research we examined the possibility of using Monte Carlo simulation to support decision making through simulation models. For this purpose, we chose a basic economy task assignment. Subsequently, we created a simulation algorithm in Matlab, where we searched for the optimal amount of offered products based on the task inputs. The output of the research is a simulation algorithm using the Monte Carlo method to solve a given economic problem.