OPTIMIZATION VIA SIMULATION FOR INVENTORY CONTROL POLICIES AND SUPPLIER SELECTION

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dc.authoridDosdogru, Ayse Tugba/0000-0002-1548-5237
dc.authoridGOCKEN, Mustafa/0000-0002-1256-2305
dc.contributor.authorGocken, M.
dc.contributor.authorDosdogru, A. T.
dc.contributor.authorBoru, A.
dc.date.accessioned2025-01-06T17:43:20Z
dc.date.available2025-01-06T17:43:20Z
dc.date.issued2017
dc.description.abstractThe 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.
dc.identifier.doi10.2507/IJSIMM16(2)5.375
dc.identifier.endpage252
dc.identifier.issn1726-4529
dc.identifier.issn1996-8566
dc.identifier.issue2
dc.identifier.scopus2-s2.0-85020774353
dc.identifier.scopusqualityQ1
dc.identifier.startpage241
dc.identifier.urihttps://doi.org/10.2507/IJSIMM16(2)5.375
dc.identifier.urihttps://hdl.handle.net/20.500.14669/2627
dc.identifier.volume16
dc.identifier.wosWOS:000406223400005
dc.identifier.wosqualityQ3
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherDaaam International Vienna
dc.relation.ispartofInternational Journal of Simulation Modelling
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_20241211
dc.subjectInventory Control System
dc.subject(s, S) Policies
dc.subjectOptimization via Simulation
dc.titleOPTIMIZATION VIA SIMULATION FOR INVENTORY CONTROL POLICIES AND SUPPLIER SELECTION
dc.typeArticle

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