Title :
Simulation and optimization of stochastic inventory system based on uniform design
Author_Institution :
Sch. of Electron. & Inf., Jiangsu Univ. of Sci. & Technol., Zhenjiang
Abstract :
The (s,S) inventory control model is important for inventory management. It is difficult to get the best inventory control policy of stochastic (s,S) inventory system by analytical method. A simulator Arens was employed for modeling inventory problems. Uniform design method is used to convert the problem of parameter establishment into the experimental design of multi-factor and multilevel and reduces the work load of experiment greatly of simulation. Test results of a (s,S) inventory system showed that the solution proposed is feasible and effective.
Keywords :
design engineering; optimisation; stochastic processes; stock control; Arens simulator; inventory control policy; stochastic inventory system; uniform design method; Analytical models; Costs; Delay effects; Design methodology; Design optimization; Electronic mail; Inventory control; Inventory management; Stochastic systems; Supply chains; Inventory policy; Inventory system; System simulation; Uniform design;
Conference_Titel :
Control and Decision Conference, 2008. CCDC 2008. Chinese
Conference_Location :
Yantai, Shandong
Print_ISBN :
978-1-4244-1733-9
Electronic_ISBN :
978-1-4244-1734-6
DOI :
10.1109/CCDC.2008.4597711
