OPTIMIZATION VIA SIMULATION FOR INVENTORY CONTROL POLICIES AND SUPPLIER SELECTION
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Tarih
2017
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Daaam International Vienna
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
The need to explicitly select the best review model in inventory control system is greater than ever because managing and controlling inventories are difficult under intense competition. In this study, three important questions are answered in inventory control system: which review model (periodic or continuous) should be used; which objective function of review model should be used to increase competitiveness of the supply chain; how to find the optimal values of initial inventory, reorder point, and order-up-to level for each Distribution Centre (DC) and each Supplier. We proposed an Optimization via Simulation (OvS) approach to determine the best inventory control system with supplier selection and to obtain a remarkable amount of saving while increasing the competitive edge in a fully stochastic supply chain environment. According to the results, total supply chain cost can be improved at least 22 % and at most 66 % on average with proposed continuous review model.
Açıklama
Anahtar Kelimeler
Inventory Control System, (s, S) Policies, Optimization via Simulation
Kaynak
International Journal of Simulation Modelling
WoS Q Değeri
Q3
Scopus Q Değeri
Q1
Cilt
16
Sayı
2
