Article ID: | iaor20053042 |
Country: | Netherlands |
Volume: | 96 |
Issue: | 2 |
Start Page Number: | 213 |
End Page Number: | 232 |
Publication Date: | Jan 2005 |
Journal: | International Journal of Production Economics |
Authors: | Liberopoulos G., Koukoumialos S. |
Keywords: | simulation: applications |
We numerically investigate tradeoffs between near-optimal base stock levels, numbers of kanbans, and planned supply lead times in base stock policies and hybrid base stock/kanban policies with advance demand information used for the control of multi-stage production/inventory systems. We report simulation-based computational experience regarding such tradeoffs and the managerial insights behind them for single-stage and two-stage production/inventory systems.