Evaluation of the Impact of Uncertain Advance Demand Information on Production/Inventory Systems

Mohammed Hichame Benbitour () and Evren Sahin ()
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Mohammed Hichame Benbitour: LGI - Laboratoire Génie Industriel - EA 2606 - CentraleSupélec
Evren Sahin: LGI - Laboratoire Génie Industriel - EA 2606 - CentraleSupélec

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Abstract: In this paper, we conduct a simulation study to evaluate the impact of using imperfect advance demand information (ADI) in a single stage production/inventory system. We mean by ADI the fact that the production system receives customer orders in advance of their due-dates. We consider four types of ADI: 1) Perfect ADI, 2) ADI with imperfect due-dates, 3) ADI with imperfect demand quantities and 4) ADI with updates. The production system is controlled by a modified base-stock policy which has two parameters that are S, the base-stock level, and L, the production release lead time. We intend to shed light on the impact of imperfect ADI (ADI types 2, 3, 4) on the performance of production/inventory systems. The aim of the simulation study is twofold. Firstly, the objective is to find the optimal parameters of the modified base-stock policy and secondly, to evaluate the benefits of imperfect ADI in a production/inventory system.

Keywords: supply chain; inventory management; Imperfect advance demand information; single stage production/inventory system; modified base-stock policy. (search for similar items in EconPapers)
Date: 2015-05-11
Note: View the original document on HAL open archive server: https://hal.science/hal-01199290
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Citations: View citations in EconPapers (2)

Published in 15th IFAC Symposium on Information Control Problems in Manufacturing, May 2015, Ottawa, Canada. ⟨10.1016/j.ifacol.2015.06.337⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01199290

DOI: 10.1016/j.ifacol.2015.06.337

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