Optimizing safety stock in manufacturing supply chain management: A system dynamics approach

Rakesh Patel; Lewlyn L.R. Rodrigues; Vasanth Kamath

doi:10.1109/UKSIM.2010.78

Optimizing safety stock in manufacturing supply chain management: A system dynamics approach

Rakesh Patel, Lewlyn L.R. Rodrigues, Vasanth Kamath

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

5 Citations (Scopus)

Abstract

This paper deals with the development of a System Dynamics Model to optimize the stock in production and distribution points of a manufacturing supply chain. The variables of study include production start rate, work in progress, production rate, distribution inventory, distribution rate, and waste rate. The results depict that increase in stock reduces the load on production variables, accordingly suggestions are made to maintain optimum stock at key distribution points.

Original language	English
Title of host publication	UKSim2010 - UKSim 12th International Conference on Computer Modelling and Simulation
Pages	386-391
Number of pages	6
DOIs	https://doi.org/10.1109/UKSIM.2010.78
Publication status	Published - 16-07-2010
Event	12th UKSim International Conference on Modelling and Simulation, UKSim 2010 - Cambridge, United Kingdom Duration: 24-03-2010 → 26-03-2010

Conference

Conference	12th UKSim International Conference on Modelling and Simulation, UKSim 2010
Country/Territory	United Kingdom
City	Cambridge
Period	24-03-10 → 26-03-10

All Science Journal Classification (ASJC) codes

Computational Theory and Mathematics
Theoretical Computer Science

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10.1109/UKSIM.2010.78

Cite this

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title = "Optimizing safety stock in manufacturing supply chain management: A system dynamics approach",

abstract = "This paper deals with the development of a System Dynamics Model to optimize the stock in production and distribution points of a manufacturing supply chain. The variables of study include production start rate, work in progress, production rate, distribution inventory, distribution rate, and waste rate. The results depict that increase in stock reduces the load on production variables, accordingly suggestions are made to maintain optimum stock at key distribution points.",

author = "Rakesh Patel and Rodrigues, {Lewlyn L.R.} and Vasanth Kamath",

year = "2010",

month = jul,

day = "16",

doi = "10.1109/UKSIM.2010.78",

language = "English",

isbn = "9780769540160",

pages = "386--391",

booktitle = "UKSim2010 - UKSim 12th International Conference on Computer Modelling and Simulation",

note = "12th UKSim International Conference on Modelling and Simulation, UKSim 2010 ; Conference date: 24-03-2010 Through 26-03-2010",

}

Patel, R, Rodrigues, LLR & Kamath, V 2010, Optimizing safety stock in manufacturing supply chain management: A system dynamics approach. in UKSim2010 - UKSim 12th International Conference on Computer Modelling and Simulation., 5480434, pp. 386-391, 12th UKSim International Conference on Modelling and Simulation, UKSim 2010, Cambridge, United Kingdom, 24-03-10. https://doi.org/10.1109/UKSIM.2010.78

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AU - Rodrigues, Lewlyn L.R.

AU - Kamath, Vasanth

PY - 2010/7/16

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N2 - This paper deals with the development of a System Dynamics Model to optimize the stock in production and distribution points of a manufacturing supply chain. The variables of study include production start rate, work in progress, production rate, distribution inventory, distribution rate, and waste rate. The results depict that increase in stock reduces the load on production variables, accordingly suggestions are made to maintain optimum stock at key distribution points.

AB - This paper deals with the development of a System Dynamics Model to optimize the stock in production and distribution points of a manufacturing supply chain. The variables of study include production start rate, work in progress, production rate, distribution inventory, distribution rate, and waste rate. The results depict that increase in stock reduces the load on production variables, accordingly suggestions are made to maintain optimum stock at key distribution points.

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M3 - Conference contribution

AN - SCOPUS:77954461147

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BT - UKSim2010 - UKSim 12th International Conference on Computer Modelling and Simulation

Y2 - 24 March 2010 through 26 March 2010

ER -

Optimizing safety stock in manufacturing supply chain management: A system dynamics approach

Abstract

Conference

All Science Journal Classification (ASJC) codes

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