IDEAS home Printed from https://ideas.repec.org/a/ags/jrpieb/94592.html
   My bibliography  Save this article

Simulation in inventory management

Author

Listed:
  • Marcikic, Aleksandra
  • Radovanov, Boris

Abstract

In this paper inventory management is analyzed as an organic part of the supply chain managing process. In today’s competitive economic environment traditional inventory policies should be improved. Simulation models enable a priori managing and analyzing variety of possible results and implication of selected inventory policies. The model presented in this paper uses the Monte Carlo simulation method and variables taken as random, in order to depict a harmonization and integration of dynamic quantitative analysis and theoretical, qualitative concepts of inventory management.

Suggested Citation

  • Marcikic, Aleksandra & Radovanov, Boris, 2009. "Simulation in inventory management," Perspectives of Innovations, Economics and Business (PIEB), Prague Development Center (PRADEC), vol. 3, pages 1-3, December.
    • Handle: RePEc:ags:jrpieb:94592
    DOI: 10.22004/ag.econ.94592
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/94592/files/31_V3_SERBIA_PIEB_Marcikic%20and%20Radovanov_AGR.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.94592?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Jeremy F. Shapiro, 2001. "Modeling and IT Perspectives on Supply Chain Integration," Information Systems Frontiers, Springer, vol. 3(4), pages 455-464, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Thomas C. Sharkey & Joseph Geunes & H. Edwin Romeijn & Zuo‐Jun Max Shen, 2011. "Exact algorithms for integrated facility location and production planning problems," Naval Research Logistics (NRL), John Wiley & Sons, vol. 58(5), pages 419-436, August.
    2. Vladimir Krasik & Joseph Leung & Michael Pinedo & Jiawei Zhang, 2008. "Scheduling multiple products on parallel machines with setup costs," Naval Research Logistics (NRL), John Wiley & Sons, vol. 55(7), pages 654-669, October.
    3. Terry P. Harrison, 2001. "Global Supply Chain Design," Information Systems Frontiers, Springer, vol. 3(4), pages 413-416, December.
    4. Daisy Bertrand & Marie-Christine Longe Monnoyer & Anne Marianne Seck & Bénédicte Aldebert, 2014. "Les Systemes D'Informations Inter- Organisationnelles Et La Creation De Valeur : Resultats D'Une Etude Menee Aupres De Deux Grandes Entreprises Françaises Eurocopter Et Cegelec-Vinci Et Leurs Fourniss," Working Papers hal-02551383, HAL.
    5. Benjamin Lev, 2003. "Book Reviews," Interfaces, INFORMS, vol. 33(2), pages 77-82, April.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:jrpieb:94592. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/pradecz.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.