Title :
Evaluation of robustness of a multi-echelon inventory model for complex distribution systems
Author :
Dianjun Fang ; Cong Li
Author_Institution :
Sino-German Coll. for Grad. Study, Tongji Univ., Shanghai, China
Abstract :
Because of the complexity of inventory planning for distribution systems, varied kinds of inventory models have been built up to support the decision making. The performance of these analytical models in real dynamic market, nevertheless, is still questionable. This paper analyzes the evaluation of robustness of inventory models. After introducing a multi-echelon inventory model that is capable of efficiently optimizing inventory policies for any kinds of distribution systems, an OTD-NET based simulation model is constructed to reproduce the material flow throughout the distribution system under real scenarios. The subsequent case study quantifies the effect of dynamic influencing factors and gives beneficial tips for decision makers.
Keywords :
decision making; goods distribution; inventory management; OTD NET based simulation model; complex distribution systems; decision making; dynamic market; inventory planning; inventory policies; material flow; multiechelon inventory model; Distribution; Inventory management; Logistics; Simulation; Supply Chain;
Conference_Titel :
Information Science and Control Engineering 2012 (ICISCE 2012), IET International Conference on
Conference_Location :
Shenzhen
Electronic_ISBN :
978-1-84919-641-3
DOI :
10.1049/cp.2012.2281