A simulation-based model for determining safety inventory at a fixed-time period system

• Main Authors: Kien, L. T. T., Ma'aram, A., Hassan, S. A. H. S., Ngadiman, N. H. A., Kadir, A. Z. A.
• Format: Article
• Language: English
• Published: Blue Eyes Intelligence Engineering and Sciences Publication 2019
• Subjects: TJ Mechanical engineering and machinery
• Online Access: http://eprints.utm.my/id/eprint/90496/1/AzanizawatiMaaram2019_ASimulationBasedModel.pdf; http://eprints.utm.my/id/eprint/90496/; http://dx.doi.org/10.35940/ijitee.L2566.1081219

This paper develops a simulation model for determining safety inventory associated with a certain value of cycle service level in a fixed-time period system. The model takes into account actual amount of materials received from suppliers, and deviation from probability distribution of daily forecast...