This paper presents a simulation study on production and inventory control at the supply chain (SC) level and examines through a series of experiments the potential impact of the Hybrid Kanban-CONWIP production control strategy on the trade-off between the conflicting objectives of maximising customer service level and minimising Work-In-Process (WIP). Simulation based optimisation is computationally expensive approach to determining an optimal configuration of operational parameters for any stochastic system.
Supply Chain Analysis Using Simulation, Gaussian Process Modelling and Optimisation
- Source: Enterprise Process Research Centre, School of Mechanical and Manufacturing Engineering, Dublin City University, Dublin, Ireland
- Date: 2013
