Stochastic lead time demand estimation via Monte Carlo simulation technique in supply chain planning

This paper considers a Monte Carlo simulation based method for estimating cycle stocks (production lot-sizing stocks) in a typical batch production system, where a variety of products is scheduled for production at determined periods of time. Delivery time is defined as the maximum lead time and pre...

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Bibliographic Details
Main Authors: Mohamad Mahdavi, Mojtaba Mahdavi
Format: Article
Language:English
Published: Universiti Kebangsaan Malaysia 2014
Online Access:http://journalarticle.ukm.my/7059/
http://journalarticle.ukm.my/7059/
http://journalarticle.ukm.my/7059/1/18_Mohamad_Mahdavi.pdf

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