This article presents a Monte Carlo simulation method for the solution of a common problem in department stores, the determination of the number of clerks to be assigned to a floor. Based upon empirical observations as well as fictitious data, the method works with five familiar variables to obtain a usable answer. The authors suggest relatively simple adjustments to the model which will provide for a practical application.
Get full access to this article
View all access options for this article.
References
1.
RobertFerber and VerdoornP. J., Research Methods in Economics and Business, New York: The Macmillan Company, 1962, 194.
2.
KaufmanArnold, Methods and Models of Operations Research, Englewood Cliffs, N. J.: Prentice-Hall, Inc., 1963.
3.
LesourneJacques, Economic Analysis and Industrial Management, Englewood Cliffs, N. J.: Prentice-Hall, Inc., 1963.
4.
MalcolmD. G., “A Bibliography on the Use of Simulation in Management Analysis,” Operations Research, 8 (March-April 1960).
5.
MassePierre, Le Choix des Investisements, Paris, France: 1959.