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Stochastic Optimization Of Supply Chain Risk Measures –A Methodology For Improving Supply Security Of Subsidized Fuel Oil In Indonesia, Adinda Yuanita, Andi Noorsaman Sommeng, Anondho Wijonarko

Makara Journal of Technology

Monte Carlo simulation-based methods for stochastic optimization of risk measures is required to solve complex problems in supply security of subsidized fuel oil in Indonesia. In order to overcome constraints in distribution of subsidized fuel in Indonesia, which has the fourth largest population in the world—more than 250,000,000 people with 66.5% of productive population, and has more than 17,000 islands with its population centered around the nation's capital only—it is necessary to have a measurable and integrated risk analysis with monitoring system for the purpose of supply security of subsidized fuel. In consideration of this complex issue, uncertainty and probability …