Simulation optimization of a four-stage supply chain system

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

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 languageEnglish
Title of host publicationProceedings - 2006 International Conference on Information and Communication Technologies
Subtitle of host publicationFrom Theory to Applications, ICTTA 2006
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages2798-2802
Number of pages5
ISBN (Electronic)0780395212, 9780780395213
DOIs
StatePublished - 2006

Publication series

NameProceedings - 2006 International Conference on Information and Communication Technologies: From Theory to Applications, ICTTA 2006
Volume2

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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