Simulation model for closed loop repairable parts inventory system with service level performance measures

Simulation model for closed loop repairable parts inventory system with service level performance measures

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Article ID: iaor201529846
Volume: 23
Issue: 1
Start Page Number: 18
End Page Number: 42
Publication Date: Nov 2016
Journal: International Journal of Services and Operations Management
Authors: ,
Keywords: simulation: applications
Abstract:

In this paper, an attempt is made to understand verification and validation methodology in the contexts which are driven by discrete‐event simulations. Specifically, a problem context of closed‐loop repairable parts inventory system of three echelons is considered. Proposed model is based on real‐life situation faced by a large public sector transportation company dealing with repairable parts like tyres. In the simulation related literature, a general mechanism is given to perform verification and validation. However, there is a visible lack of specific context‐based verification and validation guidelines in a complex simulation scenario. This paper explores the difficulties and nuisances to achieve a well‐designed verification and validation method. The paper focuses on the specific industry and through illustrative example shows how verification and validation is achieved in a real‐life problem context.

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