Warehouse inventory management through simulation
Research has been carried out to study the issue of multi-items inventory replenishment of a warehouse which demand and lead time are stochastic. In this research, analytical models are limited in terms of adequately treating uncertainties and dynamic aspects of inventory problem. Simulation methodo...
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| Other Authors: | |
| Format: | Thesis |
| Language: | English |
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2009
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| Online Access: | http://hdl.handle.net/10356/20003 |
| _version_ | 1826113555589496832 |
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| author | Jin, Xilong |
| author2 | Lim, Mong King |
| author_facet | Lim, Mong King Jin, Xilong |
| author_sort | Jin, Xilong |
| collection | NTU |
| description | Research has been carried out to study the issue of multi-items inventory replenishment of a warehouse which demand and lead time are stochastic. In this research, analytical models are limited in terms of adequately treating uncertainties and dynamic aspects of inventory problem. Simulation methodology has been adopted to optimize inventory level and improve the inventory management in this warehouse. Firstly, previous research in inventory management and a brief overview of classical models of stochastic inventory theory are provided. Secondly, a data analysis methodology is presented for the simulation inputs. Thirdly, simulation method and inventory replenishment policies for the warehouse system are researched. At the end, this thesis is summarized with analysis of the simulation output and finished with the future research and concluding remarks that are drawn from the research. |
| first_indexed | 2024-10-01T03:25:08Z |
| format | Thesis |
| id | ntu-10356/20003 |
| institution | Nanyang Technological University |
| language | English |
| last_indexed | 2024-10-01T03:25:08Z |
| publishDate | 2009 |
| record_format | dspace |
| spelling | ntu-10356/200032023-03-11T17:01:39Z Warehouse inventory management through simulation Jin, Xilong Lim, Mong King School of Mechanical and Production Engineering DRNTU::Engineering::Manufacturing::Inventory control Research has been carried out to study the issue of multi-items inventory replenishment of a warehouse which demand and lead time are stochastic. In this research, analytical models are limited in terms of adequately treating uncertainties and dynamic aspects of inventory problem. Simulation methodology has been adopted to optimize inventory level and improve the inventory management in this warehouse. Firstly, previous research in inventory management and a brief overview of classical models of stochastic inventory theory are provided. Secondly, a data analysis methodology is presented for the simulation inputs. Thirdly, simulation method and inventory replenishment policies for the warehouse system are researched. At the end, this thesis is summarized with analysis of the simulation output and finished with the future research and concluding remarks that are drawn from the research. Master of Engineering (MPE) 2009-12-14T07:56:56Z 2009-12-14T07:56:56Z 1996 1996 Thesis http://hdl.handle.net/10356/20003 en Nanyang Technological University 208 p. application/pdf |
| spellingShingle | DRNTU::Engineering::Manufacturing::Inventory control Jin, Xilong Warehouse inventory management through simulation |
| title | Warehouse inventory management through simulation |
| title_full | Warehouse inventory management through simulation |
| title_fullStr | Warehouse inventory management through simulation |
| title_full_unstemmed | Warehouse inventory management through simulation |
| title_short | Warehouse inventory management through simulation |
| title_sort | warehouse inventory management through simulation |
| topic | DRNTU::Engineering::Manufacturing::Inventory control |
| url | http://hdl.handle.net/10356/20003 |
| work_keys_str_mv | AT jinxilong warehouseinventorymanagementthroughsimulation |