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Stability considerations and service level measures in production inventory systems : a simulation study

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Title Stability considerations and service level measures in production inventory systems : a simulation study
 
Creator BIJULAL, D
VENKATESWARAN, J
HEMACHANDRA, N
 
Description This paper analyzes the ability of the general production-inventory replenishment policy to maintain desired level of service. Key control parameters that affect stability of the replenishment policy are the fractional rates of adjustments of discrepancies in WIP and inventory. The effect of these control parameters on the service level (order fill rate) of the production-inventory system which face independent and identically distributed (i.i.d.) random demand is investigated. A replenishment policy that explicitly accounts for the safety stock, and thus improves the service levels, has been proposed. The range of parameter settings that assures the desired service level without affecting system stability has been determined.
 
Publisher IEEE
 
Date 2011-10-24T11:27:52Z
2011-12-15T09:11:36Z
2011-10-24T11:27:52Z
2011-12-15T09:11:36Z
2009
 
Type Proceedings Paper
 
Identifier 2009 IEEE INTERNATIONAL CONFERENCE ON AUTOMATION SCIENCE AND ENGINEERING,489-494
978-1-4244-4578-3
http://dx.doi.org/10.1109/COASE.2009.5234144
http://dspace.library.iitb.ac.in/xmlui/handle/10054/15405
http://hdl.handle.net/100/2169
 
Source IEEE International Conference on Automation Science and Engineering,Bangalore, INDIA,AUG 22-25, 2009
 
Language English