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2008, vol. 13, br. 3, str. 24-28
Simulation in supply chain management
(naslov ne postoji na srpskom)
Univerzitet u Novom Sadu, Ekonomski fakultet, Subotica
Sažetak
(ne postoji na srpskom)
In this paper inventory management is analyzed as an indivisible, organic part of the supply chain managing process. It can be observed as a critical, and also very costly, segment of ensuring high customer service levels. Thus in today's competitive economic environment traditional inventory policies should be improved and readjusted to uncertain, dynamic reality. Simulation models enable a priori managing and analyzing a variety of possible results and implication of selected inventory policies. It is important to accentuate the difference between deterministic and stochastic simulation models, which besides certainty also include random effects. The model presented in this paper uses the Monte Carlo simulation method and variables (demand, delivery time and quantity, stock quality, price, etc.) taken as random, in order to depict a harmonization and unavoidable integration of dynamic quantitative analysis and theoretical, qualitative concepts of inventory management. Approximated inventory costs are also included in the model and they naturally depend on the cost of capital, therefore variations during the economic cycle should be observed too. Illustrating the potentials of inventory policy and future effects the model can be successfully exploited in decision making processes.
Reference
Kiš, T., Čileg, M., Vugdelija, D., Sedlak, O. (2005) Kvantitativni metodi u ekonomiji. Subotica: Ekonomski fakultet
Letić, D., Jevtić, V. (2001) Operaciona istraživanja. Zrenjanin: Tehnički fakultet 'Mihajlo Pupin'
Shapiro, J.F. (2001) Modeling the supply chain. Duxbury Thomson Learning
Stojković, M. (2001) Statistika. Subotica: Ekonomski fakultet
Vunjak, N.M. (2005) Finansijski menadžment. Bečej: Proleter, knjiga 5 - Poslovne finansije
 

O članku

jezik rada: engleski
vrsta rada: neklasifikovan
objavljen u SCIndeksu: 09.02.2009.

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