Muñoz Negrón, David F.; Muñoz Medina, Diego F. - In: Journal of Economics, Finance and Administrative Science 14 (2009) 27, pp. 7-20
This article presents the development and application of a simulation model that was used to forecast the demand of automobile parts using information from a car dealer in Mexico, D. F. In particular, this work illustrates, using a simple model, how stochastic simulation and Bayesian statistics...