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Digital Library of the
European Council for Modelling and Simulation |
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Title: |
Investigation Of Two Strategies In Inventory Control System With Random
Parameters |
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Authors: |
Eugene Kopytov, Aivars
Muravjovs, Leonid Greenglaz, Georgij Burakov |
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Published in:
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ECMS
2007 Proceedings Edited
by: Ivan Zelinka, Zuzana Oplatkova, Alessandra Orsoni ISBN:
978-0-9553018-2-7 Doi: 10.7148/2007 21st European
Conference on Modelling and Simulation, Prague, June
4-6, 2007 |
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Citation
format: |
Kopytov, E., Muravjovs,
A., Greenglaz, L., & Burakov,
G. (2007). Investigation Of Two Strategies In Inventory Control System With
Random Parameters. ECMS 2007 Proceedings edited by: I. Zelinka,
Z. Oplatkova, A. Orsoni (pp. 566-571). European Council for
Modeling and Simulation. doi:10.7148/2007-0566. |
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DOI: |
http://dx.doi.org/10.7148/2007-0566 |
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Abstract: |
In the paper two multiple period
single-product inventory control models with random demand and random lead time are considered. The strategy of each model
selection is based on the real conditions of the business. The first model is
a model with fixed reorder point and fixed order quantity. Second model is
the model with fixed period of time between the moments of placing neighbouring orders, and order quantity is determined as
difference between the fixed stock level and quantity of goods in the moment
of ordering. The considered models are realized using simulation method with
the help of the package Extend. The numerical examples of problem solving are
presented. |
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Full
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