Simulation Optimization of a Four-Stage Supply Chain System

(2006) Simulation Optimization of a Four-Stage Supply Chain System. Information and Communication Technologies, 2006. ICTTA '06. 2nd, 2.


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Today's information technology allows firms to share inventory profiles and demand data quickly and inexpensively. In this paper we develop a discrete-event simulation model for a four-stage supply chain. We assume that the four chain parties share their inventory and demand information. The performance measure that is used in the model to evaluate the system performance is expected total cost which consists of the inventory holding cost, the ordering cost, and the shortage cost. The simulation model is optimized using SimRunner optimization package.

Item Type: Article
Subjects: Petroleum
Department: College of Computing and Mathematics > lndustrial and Systems Engineering
Depositing User: Mr. Admin Admin
Date Deposited: 24 Jun 2008 13:20
Last Modified: 01 Nov 2019 14:03