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https://doi.org/10.21256/zhaw-1883| Publication type: | Conference paper |
| Type of review: | Not specified |
| Title: | Inventory management based on simulation of ordering process |
| Authors: | Heitz, Christoph Gomez, Claudio |
| DOI: | 10.21256/zhaw-1883 |
| Proceedings: | Challenges of globalization for Swiss manufacturing and logistics : proceedings of the 3rd IPLnet workshop, september 9-10, 2003, Ebnat-Kappel, Switzerland |
| Editors of the parent work: | Heitz, Christoph |
| Conference details: | IPLnet 2003 Workshop, Institut für Produktions- und Logistiksysteme, Ebnat-Kappel, 9-10 September 2003 |
| Issue Date: | 2004 |
| Publisher / Ed. Institution: | ZHAW Zurich University of Applied Sciences |
| Publisher / Ed. Institution: | Winterthur |
| ISBN: | 978-3033000599 |
| Language: | English |
| Subject (DDC): | 658.5: Production management |
| Abstract: | Inventory management is one of the key operational functions of a company which, in the context of modern Supply Chain Management schemes, plays an important role both for the company itself and the coordination with the SC partners. Especially the aspect of service level and stockout probability has become critical. Classical methods of inventory management are based on simple analytical formulae which, however, only treat special cases. In this contribution we present a tool for the optimization of inventory management which is based on a simulation of the ordering processes. The full stochastic properties of the ordering process are incorporated which allows an accurate determination of performance measures like service level. With this tool, the determination of cost-minimal inventory parameters (reorder level, reorder quantity) for given stockout probability is easily possible. |
| URI: | https://digitalcollection.zhaw.ch/handle/11475/4305 |
| Fulltext version: | Published version |
| License (according to publishing contract): | Licence according to publishing contract |
| Departement: | School of Engineering |
| Organisational Unit: | Institute of Data Analysis and Process Design (IDP) |
| Appears in collections: | Publikationen School of Engineering |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| 2003_Heitz_Inventory management_IPLnet Workshop.pdf | 72.5 kB | Adobe PDF |  View/Open |
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Heitz, C., & Gomez, C. (2004). Inventory management based on simulation of ordering process [Conference paper]. In C. Heitz (Ed.), Challenges of globalization for Swiss manufacturing and logistics : proceedings of the 3rd IPLnet workshop, september 9-10, 2003, Ebnat-Kappel, Switzerland. ZHAW Zurich University of Applied Sciences. https://doi.org/10.21256/zhaw-1883
Heitz, C. and Gomez, C. (2004) ‘Inventory management based on simulation of ordering process’, in C. Heitz (ed.) Challenges of globalization for Swiss manufacturing and logistics : proceedings of the 3rd IPLnet workshop, september 9-10, 2003, Ebnat-Kappel, Switzerland. Winterthur: ZHAW Zurich University of Applied Sciences. Available at: https://doi.org/10.21256/zhaw-1883.
C. Heitz and C. Gomez, “Inventory management based on simulation of ordering process,” in Challenges of globalization for Swiss manufacturing and logistics : proceedings of the 3rd IPLnet workshop, september 9-10, 2003, Ebnat-Kappel, Switzerland, 2004. doi: 10.21256/zhaw-1883.
HEITZ, Christoph und Claudio GOMEZ, 2004. Inventory management based on simulation of ordering process. In: Christoph HEITZ (Hrsg.), Challenges of globalization for Swiss manufacturing and logistics : proceedings of the 3rd IPLnet workshop, september 9-10, 2003, Ebnat-Kappel, Switzerland. Conference paper. Winterthur: ZHAW Zurich University of Applied Sciences. 2004. ISBN 978-3033000599
Heitz, Christoph, and Claudio Gomez. 2004. “Inventory Management Based on Simulation of Ordering Process.” Conference paper. In Challenges of Globalization for Swiss Manufacturing and Logistics : Proceedings of the 3rd IPLnet Workshop, September 9-10, 2003, Ebnat-Kappel, Switzerland, edited by Christoph Heitz. Winterthur: ZHAW Zurich University of Applied Sciences. https://doi.org/10.21256/zhaw-1883.
Heitz, Christoph, and Claudio Gomez. “Inventory Management Based on Simulation of Ordering Process.” Challenges of Globalization for Swiss Manufacturing and Logistics : Proceedings of the 3rd IPLnet Workshop, September 9-10, 2003, Ebnat-Kappel, Switzerland, edited by Christoph Heitz, ZHAW Zurich University of Applied Sciences, 2004, https://doi.org/10.21256/zhaw-1883.
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