Performance metrics for a supply chain subject to stochastic demand

E.O. Pacheco, R. Lüders, A.P.B. Póvoa
ABSTRACT:

This work deals with characterization of the dynamic behavior of a single product supply chain (SC) composed by two levels. It is modeled by Industrial Dynamics concepts developed by Jay Forrester in the 60’s with the objective of determining the information and material flows using a discrete event system approach. There is a single inventory between assembly and distribution to attend a stochastic market demand. Using a replenishment policy with variable reorder point, two metrics are proposed to evaluate the SC performance under different demand. These metrics identify lead time and inventory intervals for which reduced disruption is observed.

Publisher
Proceedings of 2015 International Conference on Industrial Engineering and Systems Management, IEEE IESM 2015 (Published)
Date
Jan, 2016
Keywords
supply chain | discrete event simulation | performance metric | variable reorder point

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