Open Access Conference Proceedings

With the development of computers and software products, there is now greater use of quantitative methods in industrial enterprises when making managerial decisions. One of the most applicable solutions to computer simulation algorithms is the Monte Carlo method. The application of the Monte Carlo algorithm lies in finding a relation between the individual variables, which are the solutions to the problem and represent the characteristics of random processes reproducible on computers. The Monte Carlo algorithm is well applicable in a variety of metallurgical production processes. Metallurgical processes have different specifics with which to be reckoned with, eg. prioritizing service workers when dispensing tools from maintenance men.The aim of this article is to show the application of simulations from the Monte Carlo algorithm using the example of optimising tool dispensation from metallurgical store.

Keywords: Management science; optimisation; simulation; Monte Carlo algorithm

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