Title :
Simulation Optimization of a Four-Stage Supply Chain System
Author :
Saif, Abdul-Wahid A. ; Seliaman, Mohamed E. ; Ahmad, Ab Rahman
Author_Institution :
Dept. of Syst. Eng., King Fahd Univ. of Pet. & Minerals, Dhahran
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
Keywords :
discrete event simulation; inventory management; supply chain management; SimRunner optimization; discrete-event simulation model; information sharing; inventory holding cost; inventory management; ordering cost; shortage cost; supply chain system; Costs; Data engineering; Discrete event simulation; Information technology; Inventory management; Minerals; Packaging; Petroleum; Supply chains; System performance; Supply chain; information sharing; inventory management;
Conference_Titel :
Information and Communication Technologies, 2006. ICTTA '06. 2nd
Conference_Location :
Damascus
Print_ISBN :
0-7803-9521-2
DOI :
10.1109/ICTTA.2006.1684855
