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Inventory System Simulation With Example

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17 views

Inventory System Simulation With Example

Uploaded by

shaharyarkhan1020
Copyright
© © All Rights Reserved
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Inventory System Simulation With Example

Initialization
● Initialize simulation parameters, including number of items, starting quantities
of each item and reorder point.
● We set these initial values in our system and define the reorder point to ensure
we never run out of essential items.
● Set up the first demand event.
Main Simulation Loop
● Iterate through various (s, S) pairs, representing inventory policies.
● Initialize the model with the current (s, S) values.
● Run the simulation until an end-simulation event occurs.
● Determine the next event type using the timing function.
● Execute the appropriate event function (order arrival, demand, evaluation, or
reporting).
● Update time-average statistics.
Event Functions

Order_arrival Demand

Evaluate Report
Updating Time-Average Statistics
In the update_time_avg_stats function:

● Compute the time since the last event.


● Determine the status of the inventory level during the previous interval.
● Update area_shortage if inventory was negative.
● Update area_holding if inventory was positive.
Random Number Generation
Function random_integer:

● Generate a random U(0,1) variate.


● Example: How many customer will come, what and when they buy a product.

Function uniform:

● Generate a random U(a, b) variate.


● Example: Delivery of new products
End of Simulation
● Now wrap the simulation process and saved all the data.

● If there are more (s, S) pairs to consider, the program repeats the simulation

● The program stops when all pairs are considered.

● This part concludes our simulation and allows us to analyze the results for

different inventory policies.

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