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 proceedingConference contribution

3 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 languageEnglish
Title of host publicationUKSim2010 - UKSim 12th International Conference on Computer Modelling and Simulation
Pages386-391
Number of pages6
DOIs
Publication statusPublished - 16-07-2010
Event12th UKSim International Conference on Modelling and Simulation, UKSim 2010 - Cambridge, United Kingdom
Duration: 24-03-201026-03-2010

Conference

Conference12th UKSim International Conference on Modelling and Simulation, UKSim 2010
CountryUnited Kingdom
CityCambridge
Period24-03-1026-03-10

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All Science Journal Classification (ASJC) codes

  • Computational Theory and Mathematics
  • Theoretical Computer Science

Cite this

Patel, R., Rodrigues, L. L. R., & 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 (pp. 386-391). [5480434] https://doi.org/10.1109/UKSIM.2010.78