Title :
Modeling and analysis of inventory system by using Colored Petri nets
Author :
Lu, Xiaochun ; Liu, Dongyuan ; Ni, Zhiwei
Author_Institution :
Sch. of Econ. & Manage., Beijing Jiaotong Univ., Beijing
Abstract :
In this paper, an inventory control model is build by using colored Petri net. In order to verify the colored Petri net model, it is simulated by using the data of a company. The simulation result shows that it is coincident with the empirical data. By using the model, the relationship of stock and shortage rate is analyzed. It is found that when interval of customer order received is random, the safe stock and shortage rate do not fit the theory of general inventory control.
Keywords :
Petri nets; order processing; colored Petri net model; customer order processing; inventory control model; safety stock; stock control model; Communication system control; Inventory control; Inventory management; Logistics; Performance analysis; Performance evaluation; Petri nets; Power system modeling; Samarium; Stochastic systems; Colored Petri Net; Inventory control; Simulation;
Conference_Titel :
Service Operations and Logistics, and Informatics, 2008. IEEE/SOLI 2008. IEEE International Conference on
Conference_Location :
Beijing
Print_ISBN :
978-1-4244-2012-4
Electronic_ISBN :
978-1-4244-2013-1
DOI :
10.1109/SOLI.2008.4686612
