Finite horizon inventory model: an operational framework
Abstract
We paper present a simulation based decision support system to decide the inventory ordering policy in the context of a single commodity, multi pack, and finite horizon situation. The model addresses the decision choice faced by the distributor in a specific logistics chain.In this chain a typical distributor has to balance between the stochastic nature of the demand and the attractive nature of financial incentives proposed by the manufacturer.
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- Working Papers [2627]