Stochastic lead time demand estimation via Monte Carlo simulation technique in supply chain planning
This paper considers a Monte Carlo simulation based method for estimating cycle stocks (production lot-sizing stocks) in a typical batch production system, where a variety of products is scheduled for production at determined periods of time. Delivery time is defined as the maximum lead time and pre...
Main Authors: | Mohamad Mahdavi, Mojtaba Mahdavi |
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Format: | Article |
Language: | English |
Published: |
Universiti Kebangsaan Malaysia
2014
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Online Access: | http://journalarticle.ukm.my/7059/1/18_Mohamad_Mahdavi.pdf |
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