European Journal of Business and Management
Supply Chain with Operational Research (OR) using Simulation: A Case Study Price of Oil and Production Fluctuation in Kingdom Saudi Arabia (KSA)
Abstract
Present trends in fluctuations of oil price and production have an impact on supply chain (SC). The study concentrates on the computation on the impact on fluctuation of oil price and production in the kingdom of Saudi Arabia (KSA). The study is attractive and interesting because it uses stochastic simulation as the main and last resort of mathematical operational research (OR) technique and tracking signal. Excel was selected as the main candidate visual object event driven programming (VOEDP) for the computation.
Keywords: Simulation, Stochastic simulation, Tracking signal, operational research (OR), Supply Chain.
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ISSN (Paper)2222-1905 ISSN (Online)2222-2839
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