Avoiding problems inherent in spreadsheet-based simulation models: An aggregate planning application

Avoiding problems inherent in spreadsheet-based simulation models: An aggregate planning application

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Article ID: iaor19912152
Country: United States
Volume: 31
Start Page Number: 62
End Page Number: 68
Publication Date: Dec 1990
Journal: Production and Inventory Management Journal
Authors: , ,
Keywords: spreadsheets
Abstract:

Implementing a Monte Carlo simulation on a spreadsheet requires special attention in maintaining spreadsheet stability, generating random observations, ensuring repeatability of observations, and controlling the progress of the simulation. A Monte Carlo simulation of an aggregate planning model that includes a macro control program is used to illustrate these issues.

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