Open AccessA Usage of Probabilistic Methods in Decision Making for Wholesalers’ Problem
Author(s) -
Suyanto Suyanto,
Open Darnius,
Ujian Sinulingga,
Normalipitupulu,
Asima Manurung
Publication year - 2019
Publication title -
journal of physics. conference series
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.21
H-Index - 85
eISSN - 1742-6596
pISSN - 1742-6588
DOI - 10.1088/1742-6596/1235/1/012121
Subject(s) - profit (economics) , probabilistic logic , business , operations research , microeconomics , economics , computer science , mathematics , artificial intelligence
Decision making is an activity which is made in almost all economic and business activities. Specifically in trade, decision making on the supply of goods is made to maximize profit or minimize loss which becomes the problems which need to be studied. A fresh fruit trading system in supermarkets is simplified in a scenario which is aimed to determine the number of fresh fruit stocks each day. By random variable, an opportunity theoretical concept is used to approach the problem of how the amount of fresh fruit sold each day as the market demand in a trade system. Opportunity method and expectation concept were used to cope with the problems with the purpose of minimizing losses.