The paper describes initial simulation work on various factors associated with production and inventory decisions. The machine shop model which was used comprised one machine only on which a small ...

Traditional network optimization cannot model inventory over time at the order and shipment level. Simulation allows operators to quickly identify the effects on inventory as a result of proposed ...

This concentration is intended to prepare students for modeling and simulating various problems related to supply chain management, such as procurement, manufacturing, logistics and distribution, ...

For a single product, single-stage capacitated production-inventory model with stochastic, periodic (cyclic) demand, we find the optimal policy and characterize some of its properties. We study the ...