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About Minimizing Inventory Costs
The document describes a simulation model developed to minimize inventory costs throughout a cement factory supply chain. The model considers base stock and safety stock levels for spare parts. It calculates base stock based on average breakdowns and lead times. Safety stock is a percentage of base stock. The model simulates inventory operations each month over time to optimize costs. Testing showed the model reduced total inventory costs by 50% compared to the actual system.
Detailed Information
| Author: | ['pathak1188'] |
|---|---|
| Publication Year: | 2012 |
| Pages: | 9 |
| Language: | English |
| Format: | |
| Price: | FREE |
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