Pompiliu, Golea; Petru, Balogh - In: Ovidius University Annals, Economic Sciences Series XI (2011) 1, pp. 835-838
In this paper, an integrated approach based on Monte Carlo simulation and Six Sigma methodology is used to analyze the risk associated with a services cost. Monte Carlo simulation is applied to understand the variability in total cost caused by the probabilistic cost items. By Six Sigma...