Abstract
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.
| Original language | English |
|---|---|
| Title of host publication | Proceedings - 2006 International Conference on Information and Communication Technologies |
| Subtitle of host publication | From Theory to Applications, ICTTA 2006 |
| Publisher | Institute of Electrical and Electronics Engineers Inc. |
| Pages | 2798-2802 |
| Number of pages | 5 |
| ISBN (Electronic) | 0780395212, 9780780395213 |
| DOIs | |
| State | Published - 2006 |
Publication series
| Name | Proceedings - 2006 International Conference on Information and Communication Technologies: From Theory to Applications, ICTTA 2006 |
|---|---|
| Volume | 2 |
Bibliographical note
Publisher Copyright:© 2006 IEEE.
Keywords
- Information sharing
- Inventory management
- Supply chain
ASJC Scopus subject areas
- Information Systems
- Computer Networks and Communications
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