Validating Virtual Safety Stock Effectiveness through Simulation
نویسندگان
چکیده
منابع مشابه
Validating Virtual Safety Stock Effectiveness through Simulation
As a means of avoiding stock‐outs, safety stocks play an important role in achieving customer satisfaction and retention. However, traditional safety stock theory is based on the assumption of the immediate delivery of the ordered products, which is not a common condition in business‐to‐business contexts. Virtual safety stock theory was conceived to ...
متن کاملValidating an Analytical Approximation through Discrete Simulation
While Markov models have been extensively used to study the availability of replicated data, they cannot handle effectively network configurations where sites failures and network partitions have to be simultaneously considered. We had proposed in a previous paper a hierarchical decomposition method aimed at overcoming this limitation. While our method could provide closed form estimates of the...
متن کاملVirtual reality simulation for construction safety promotion.
Safety is a critical issue for the construction industry. Literature argues that human error contributes to more than half of occupational incidents and could be directly impacted by effective training programs. This paper reviews the current safety training status in the US construction industry. Results from the review evidence the gap between the status and industry expectation on safety. To...
متن کاملA Multi-agent Based Pricing : a Virtual Stock Market Simulation
We introduce in this paper a new conceptual model representing the stock market dynamics. This model is essentially based on cognitive behavior of the investors. In order to validate our model, we build an artificial stock market simulation based on agent-oriented methodologies. The proposed simulator is composed of market supervisor agent essentially responsible for executing transactions via ...
متن کاملValidating Simulation Models
This paper discusses aspects of validating simulation models designed to describe, explain and predict realworld phenomena. It starts with a short review of arguments used in the simsoc mailing list discussion on theory, simulation and explanation a few months ago, deals with the use of quantitative and qualitative computational models to make quantitative and qualitative predictions or rather ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: International Journal of Engineering Business Management
سال: 2013
ISSN: 1847-9790,1847-9790
DOI: 10.5772/56859