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

Fingerprint

Supply Chain Management
Supply chain management
System Dynamics
Dynamical systems
Manufacturing
Safety
Key Distribution
Supply Chain
Supply chains
Dynamic models
Dynamic Model
Optimise

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
Patel, Rakesh ; Rodrigues, Lewlyn L.R. ; Kamath, Vasanth. / Optimizing safety stock in manufacturing supply chain management : A system dynamics approach. UKSim2010 - UKSim 12th International Conference on Computer Modelling and Simulation. 2010. pp. 386-391
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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

Optimizing safety stock in manufacturing supply chain management : A system dynamics approach. / Patel, Rakesh; Rodrigues, Lewlyn L.R.; Kamath, Vasanth.

UKSim2010 - UKSim 12th International Conference on Computer Modelling and Simulation. 2010. p. 386-391 5480434.

Research output: Chapter in Book/Report/Conference proceedingConference contribution

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