Based on Monte Carlo Simulation Optimization Research in Corporate Production Decision-Making

In this paper, we first select relevant data, comprehensively use dynamic programming combined with Monte Carlo simulation to establish a model, and use Python programming to realize and visualize the entire calculation process. For the metrics of each situation, we use the entropy weight method to make scoring decisions on the indicators of different dimensions. Finally, it is concluded that the cost price required for production in case 1 is the most reasonable, the defective rate is the lowest, and the comprehensive score is the highest. It also provides a reference for the production decision-making of the enterprise, which can be flexibly adjusted according to the situation to achieve the best production management effect, reduce the production loss of the enterprise, and bring greater benefits to the enterprise.

Authors

Institutions

Publication Details

Journal
Economic society and humanities.
Published
2024-10-01
DOI
https://doi.org/10.62381/e244a08
Citations
1
Primary Topic
Manufacturing Process and Optimization
Type
article
Field-Weighted Citation Impact
0.35
Controls
|||
ALL TIME
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
article

Based on Monte Carlo Simulation Optimization Research in Corporate Production Decision-Making

Xiaomin Li, Chunli Wang, Tang Xiao-qing, Liu Dengsheng et al.
1 citations
Economic society and humanities.
Manufacturing Process and Optimization
0.35
article

Based on Monte Carlo Simulation Optimization Research in Corporate Production Decision-Making

Xiaomin Li, Chunli Wang, Tang Xiao-qing, Liu Dengsheng, Qin Sihao
article en
1 citations

Abstract

In this paper, we first select relevant data, comprehensively use dynamic programming combined with Monte Carlo simulation to establish a model, and use Python programming to realize and visualize the entire calculation process. For the metrics of each situation, we use the entropy weight method to make scoring decisions on the indicators of different dimensions. Finally, it is concluded that the cost price required for production in case 1 is the most reasonable, the defective rate is the lowest, and the comprehensive score is the highest. It also provides a reference for the production decision-making of the enterprise, which can be flexibly adjusted according to the situation to achieve the best production management effect, reduce the production loss of the enterprise, and bring greater benefits to the enterprise.

Economic society and humanities.Vol. 1(10)
Guilin Medical University (CN), Guilin University of Aerospace Technology (CN), Guilin University of Technology (CN), Guilin University of Electronic Technology (CN)
Openalex Percentile: Top 30%
Manufacturing Process and Optimization
0.35
AI Navigator

Ask Laika to Summarize, Analyze, and Connect papers live on the map.

Summarize Papers & Methodologies

Extract key findings, datasets, and comparative methods across publications.

Benchmark Rankings & Visual Analytics

Rank top research institutions, authors, funders, topics, and journals by Field-Weighted Citation Impact (FWCI) and paper volume with instant charts.

Connect Distant Disciplines

Bridge topological clusters on the map to find hidden collaborative intersections.

Based on Monte Carlo Simulation Optimization Research in Corporate Production Decision-Making — Xiaomin Li, Chunli Wang, et al. · Economic society and humanities. (2024) | TGRS Research Map | TGRS