In this paper we introduce a simulative model, designed and developed to optimally manage an integrated finished goods inventory system, and suitable for adoption in a wide range of make to stock manufacturing firms. The goal of the model is to manage optimally finished goods inventory levels, in order to minimize costs deriving from holding inventory and from adjustment to the master production schedule (MPS) to prevent stockouts. A trade off is sought between these costs components. The input variables of the model are: safety stock levels, assessed through coefficients k1, k2 and k3, and the stochastic distribution functions of products demand. The model performances are assessed considering the annual total cost for the inventory management . The model is then tested by a numerical application. The case considered refers to a major firm operating in the zootechnical feeds production industry.

A simulation approach to manage finished goods inventory replenishment economically in a mixed push/pull environment / Bertolini, M.; Rizzi, A.. - In: LOGISTICS INFORMATION MANAGEMENT. - ISSN 0957-6053. - 15:4(2002), pp. 281-293. [10.1108/09576050210436129]

A simulation approach to manage finished goods inventory replenishment economically in a mixed push/pull environment

M. BERTOLINI;
2002

Abstract

In this paper we introduce a simulative model, designed and developed to optimally manage an integrated finished goods inventory system, and suitable for adoption in a wide range of make to stock manufacturing firms. The goal of the model is to manage optimally finished goods inventory levels, in order to minimize costs deriving from holding inventory and from adjustment to the master production schedule (MPS) to prevent stockouts. A trade off is sought between these costs components. The input variables of the model are: safety stock levels, assessed through coefficients k1, k2 and k3, and the stochastic distribution functions of products demand. The model performances are assessed considering the annual total cost for the inventory management . The model is then tested by a numerical application. The case considered refers to a major firm operating in the zootechnical feeds production industry.
2002
15
4
281
293
A simulation approach to manage finished goods inventory replenishment economically in a mixed push/pull environment / Bertolini, M.; Rizzi, A.. - In: LOGISTICS INFORMATION MANAGEMENT. - ISSN 0957-6053. - 15:4(2002), pp. 281-293. [10.1108/09576050210436129]
Bertolini, M.; Rizzi, A.
File in questo prodotto:
File Dimensione Formato  
01-2002_LIM_A simulation approach to economically manage finished.pdf

Accesso riservato

Dimensione 328.35 kB
Formato Adobe PDF
328.35 kB Adobe PDF   Visualizza/Apri   Richiedi una copia
Pubblicazioni consigliate

Licenza Creative Commons
I metadati presenti in IRIS UNIMORE sono rilasciati con licenza Creative Commons CC0 1.0 Universal, mentre i file delle pubblicazioni sono rilasciati con licenza Attribuzione 4.0 Internazionale (CC BY 4.0), salvo diversa indicazione.
In caso di violazione di copyright, contattare Supporto Iris

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11380/1188609
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus ND
  • ???jsp.display-item.citation.isi??? ND
social impact