@article{Ramos Moncayo_Marcillo Troncozo_Astudillo Sanchez_Cevallos-Torres_2019, title={Optimization model to measure the cost of lost product not sold through Monte Carlo Simulation and Tabu Metaheuristic Algorithm}, volume={3}, url={https://journals.gdeon.org/index.php/esj/article/view/33}, DOI={10.46480/esj.3.2.33}, abstractNote={<p>This study proposes the improvement of an inventory system, with the objective of reducing the cost and maximizing sales in the pharmacy "The Will of God", because there is empirical management of the inventory by the winemakers, as a result of this, it is not possible to satisfy the customers correctly and sometimes losses are generated due to lack of space in the warehouse or expiration of products. For this reason it was decided to optimize the inventory management by applying the taboo search algorithm obtaining an objective function based on normal probability distributions of 3 products, for this sample of the inventory history from 2017 to 2019 is taken, a sales projection was made for the year 2020; The result is a 14% more profit compared to the year 2019 and an inventory system that projects the approximate use of 95% of the products in stock, obtaining optimal values ​to meet high demand and maintain inventory control​.</p&gt;}, number={2}, journal={Ecuadorian Science Journal}, author={Ramos Moncayo, Luis and Marcillo Troncozo, Martha and Astudillo Sanchez, Dantee and Cevallos-Torres, Lorenzo}, year={2019}, month={Sep.}, pages={8-14} }