The use of simulation in the design of an inventory control system
WSC '78 Proceedings of the 10th conference on Winter simulation - Volume 2
The use of simulation in the design of an inventory control system
ACM SIGSIM Simulation Digest
The exponential expansion of simulation in research
Proceedings of the Winter Simulation Conference
| Hi-index | 0.00 |
Inventory and shortage costs of more than one hundred types of piece parts used in the continuous production of the FMU-56/B proximity fuze were simulated using GASP II. Probabilities of lateness of received lots and of lot rejection were introduced on the basis of historical data on these specific parts. The program includes expedients for coping with parts' lateness and means of selecting lowest cost alternatives when lots are rejected. Order quantity and safety stock level are the input variables; annual inventory holding cost, inspection cost, and lateness/rejection work-around costs are the output criteria. Results include search runs on individual items and groups of parts, and evaluation of the effect of changing the random number seed.