Journal of Social Research
Vol. 4 No. 7 (2025): Journal of Social Research

Inventory Management Of Gasoline Ron 92 And Gasoil 0,05% Sulphur With Monte Carlo Simulation

Wibowo, Satriyo Hadi (Unknown)
Arvitrida , Niniet Indah (Unknown)



Article Info

Publish Date
25 Jun 2025

Abstract

Fuel (BBM) is a strategic commodity that plays a crucial role in supporting various economic sectors. PT XYZ, one of the fuel suppliers in Timor Leste, faces significant challenges in ensuring a stable and timely supply. Issues such as demand fluctuations, lead time uncertainty, and limited storage capacity often trigger stockout risks and additional operational costs such as demurrage. In 2023, PT XYZ recorded two stockout events and two potential demurrage occurrences, resulting in financial losses and missed sales opportunities. This study adopts a Monte Carlo simulation approach to model the variability of daily demand and lead time more realistically. Three inventory control methods are evaluated: the Min-Max method, the (s,Q) method, and the (s,S) method, across three demand scenarios: normal, +20% increase, and -15% decrease. Key performance indicators analyzed include Economic Order Quantity (EOQ), Safety Stock (SS), Reorder Point (ROP), total cost, and service level. The simulation was conducted over 851 days to reflect actual operational conditions. The results show that the Min-Max method performed best under the low-demand scenario, with the lowest total cost and no stockouts. The (s,Q) method provided the best balance between ordering frequency, operational cost, and service level in the normal demand scenario. Meanwhile, the (s,S) method demonstrated less efficient performance under the high-demand scenario due to higher stockouts and increased holding costs. These findings recommend adopting inventory control strategies that are adaptive to demand dynamics and consider storage capacity limitations to enhance PT XYZ’s fuel supply chain efficiency and resilience.

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Journal Info

Abbrev

ijsr

Publisher

Subject

Humanities Computer Science & IT Economics, Econometrics & Finance Education Social Sciences

Description

The Journal of Social Research is a double blind peer-reviewed academic journal and open access to social and scientific fields. The journal is published monthly by International Journal Labs. The Journal of Social Research provides a means for sustained discussion of relevant issues that fall ...