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金正子 동아대학교 공과대학 부설 한국자원개발연구소 1983 硏究報告 Vol.7 No.1
Simulation is one of the most widely used quantitative techniques employed by management. In this paper, we introduce you to simulation by using an example which can be simulated manually, that is, done without using a computer. This example concerns a single product dynamic inventory problem in which the demands and the lead times are independent random variables. The inventory problem is to determine the reorder point and the replenishment quantity such that a certain service level is required. The paper first formulates the inventory model and run the Simulation, then determines the optimal ordering policy, and, finally discusses the sensitivity analysis for the inventory model. A numerical investigation demonstrates the applicability of the described methods.