Digital Library

of the European Council for Modelling and Simulation



Investigation Of Two Strategies In Inventory Control System With

Random Parameters


Eugene Kopytov, Aivars Muravjovs, Leonid Greenglaz,

Georgij Burakov

Published in:


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


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.



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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