A Simulation Problem in The Textile Industry

Abstract

Quantitative problems frequently arise in production systems which cannot be solved by the standard Operational Research techniques. In such cases, a simple mathematical model can sometimes be built which simulates the real problem and enables a manager to find out what would be the effect of different policies. This paper describes how simulation was used to improve profitability in a textile company.

Citation

Pearson, P. (1978), "A Simulation Problem in The Textile Industry", Managerial Finance, Vol. 4 No. 3, pp. 292-305. https://doi.org/10.1108/eb013431