Article ID: | iaor20041458 |
Country: | China |
Volume: | 11 |
Issue: | 4 |
Start Page Number: | 60 |
End Page Number: | 64 |
Publication Date: | Aug 2002 |
Journal: | Operations Research and Management Science |
Authors: | Li Zhicheng, Zhou Hong |
Arena simulation software is used in this paper to simulate the model of reorder levels, to find out a combination of order size and reorder level minimizing the system cost, and to determine optimal ordering strategy for a central storage and distribution warehouse under the circumstance of both random marketing demand and reorder in advance.