Abstract

Inventory management is a key lever in supply chain management. The ability to manage inventory, businesses can avoid high inventory levels, while providing a high level of customer care. With the current increase in the complexity of the supply chain, multi-level inventory management has become a challenging and interesting area of research. In particular, the integration of the entire system, which allows you to manage the inter-dependencies between the various parts of the supply chain. Today is the day, to solve the problem of multi-level inventory control; by means of analytical models is not enough anymore. Many researchers have developed simulation models to overcome the limitations, a mathematical model representing the dynamic behavior of the various parameters that are involved in the multi-level inventory systems. In this article an overview is given for the use of modeling in order to create a multi-level inventory management decision. Classifications of the different simulation models of multi-echelon inventory character of the systems that are used in the literature are also identified.

Author

Sandeep Kumar  ( Pages 191-206 )
Email:drsk79@gmail.com
Affiliation:Department of AS & H, Dewan V. S. Institute of Technology, Meerut      DOI:

Keyword

Simulation, Multi- echelon inventory systems, Inventory control, Supply chain management

References