(R, s, S) inventory control policy and supplier selection in a two-echelon supply chain: An Optimization via Simulation approach
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Tarih
2016
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Institute of Electrical and Electronics Engineers Inc.
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
Existing literature proves that Optimization via Simulation (OvS) is relatively easy to develop regardless of the complexity of the problem and provide a much more realistic solution methodology without assumption. Hence, we used OvS to determine optimal (R, s, S) policy for Distribution Center (DC)s and suppliers and to properly select the suppliers for DCs under stochastic environmental condition and lost sales system. Determining the optimal parameters, especially determining reorder point and order-up-to level, are major challenges for (R, s, S) policy and hence, their optimal values are determined by means of OvS. Also, initial inventories of DCs and suppliers are considered because the initial conditions of a simulation are crucial aspects of simulation modeling. The proposed OvS model can be helpful for managers to understand better the scope of both the problem at hand and opportunities associated with inventory management. © 2015 IEEE.
Açıklama
Winter Simulation Conference, WSC 2015 -- 6 December 2015 through 9 December 2015 -- Huntington Beach -- 119524
Anahtar Kelimeler
Stochastic systems, Supply chains, Distribution centers, Environmental conditions, Inventory control policies, Inventory management, Simulation approach, Solution methodology, Supplier selection, Two-echelon supply chain, Inventory control
Kaynak
Proceedings - Winter Simulation Conference
WoS Q Değeri
Scopus Q Değeri
Q4
Cilt
2016-February
