Reducing inventory cost for a medical device manufacturer using simulation.
Kyle CooperGautam SardarJeffrey D. TewErick WikumPublished in: WSC (2013)
Keyphrases
- supply chain
- inventory policy
- total cost
- stochastic lead times
- order quantity
- medical devices
- lot size
- production planning
- production cost
- lot sizing
- cost savings
- setup cost
- spare parts
- material handling
- lead time
- cost sensitive
- simulation model
- medical imaging
- medical domain
- service level
- lost sales
- fixed cost
- inventory management
- medical diagnosis
- inventory costs
- mathematical model