Minimizing Inventory Costs for Capacity-constrained Production Using a Hybrid Simulation Model.
John M. BettsPublished in: ICCS (2014)
Keyphrases
- simulation model
- inventory costs
- production cost
- production rate
- lot size
- lead time
- production planning
- discrete event
- simulation models
- agent based simulation
- simulation environment
- mathematical model
- analytical model
- production system
- production process
- total cost
- manufacturing systems
- simulation tool
- infinite horizon
- failure rate
- setup cost
- multi item
- assembly line
- upper bound
- lot sizing
- storage space
- supply chain