Simulation-Based Optimization of a Two-Echelon Continuous Review Inventory Model with Lot Size-Dependent Lead Time

Simulation-Based Optimization of a Two-Echelon Continuous Review Inventory Model with Lot Size-Dependent Lead Time

This study analyzes a stochastic continuous review inventory system (<i>Q</i>,<i>r</i>) using a simulation-based optimization model. The lead time depends on lot size, unit production time, setup time, and a shop floor factor that represents moving, waiting, and lot size insp...

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Bibliographic Details
Main Authors: Ibrahim Alharkan, Mustafa Saleh, Mageed Ghaleb, Abdulsalam Farhan, Ahmed Badwelan
Format: Article
Language:English
Published: MDPI AG 2020-08-01
Series:Processes
Subjects:
stochastic inventory problem
dependent lead time
simulation-based optimization
Arena
Online Access:https://www.mdpi.com/2227-9717/8/9/1014

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