Simulation techniques on system dynamics modeling of production–inventory control model

The purpose of this research is to simulate the System Dynamics modeling approach in areas related to production–inventory management. Present inventory system is based on order rate which is proportional to the discrepancy between the desired inventory and the actual inventory and time between orders are negligible. Asymptotic growth/decline are the perplexing behavior of this type of production–inventory control model. Considering the complexities of proposed inventory control model, solution approach comprises Euler's integration algorithm to simulate under the platform of system dynamics modeling.