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Assumptions for inventory modelling: insights from practice
SimAnalytics Oy, Helsinki, Finland.
Department of Industrial Engineering and Management, LUT School of Business and Management, Lappeenranta University of Technology, Lappeenranta, Finland.
Jönköping University, School of Engineering, JTH, Supply Chain and Operations Management. Department of Industrial Engineering and Management, University of Gävle, Sweden.ORCID iD: 0000-0002-8305-4412
2019 (English)In: World Review of Intermodal Transportation Research (WRITR), ISSN 1749-4729, E-ISSN 1749-4737, Vol. 8, no 2, p. 147-166Article in journal (Refereed) Published
Abstract [en]

Many types of models have been developed to analyse multi-echelon supply chains. These models tend to rely on certain assumptions which might be too restrictive to be used in practical applications. In this paper we present a decision support system developed for a manufacturing company to aid decision making in both manufacturing and distribution strategy. The model is based on the assumptions of the decision-makers instead of relying on a pre-existing model architecture, which guarantees that the assumptions made are not too restrictive for practical use. The decision support system is based on agent-based modelling. The model was done in close co-operation with the personnel from the case company, and emphasis was based on how the company can use the model in decision making without requiring any special expertise in developing the supply chain alternatives. By using agent-based modelling we were able to take the central assumptions into account and create a decision support system, which the supply chain manager can use to evaluate various supply chain alternatives.

Place, publisher, year, edition, pages
InderScience Publishers, 2019. Vol. 8, no 2, p. 147-166
Keywords [en]
inventory management; inventory modelling; simulation; decision support
National Category
Business Administration
Identifiers
URN: urn:nbn:se:hj:diva-43438DOI: 10.1504/WRITR.2019.10020312Scopus ID: 2-s2.0-85065607044Local ID: ;JTHLogistikISOAI: oai:DiVA.org:hj-43438DiVA, id: diva2:1303341
Available from: 2019-04-09 Created: 2019-04-09 Last updated: 2019-06-12Bibliographically approved

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Hilletofth, Per

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CiteExportLink to record
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