doi: 10.7763/IJIMT.2012.V3.197
Responsiveness of Inventory Order Cycle Policies (IOCP)with Unpredicted Events Occurrence through System Dynamics Modeling: A Case Study in Consay Company
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Alla Talal Yassin
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- 1Management and Economics, Tarbiat Modares University, Tehran, Islamic Republic of Iran
- 3Amirkabir University, Tehran, Islamic Republic of Iran
Abstract
Most organizations have to cope with the short term random movements in supply and demand. In today’s competitive marketplace, achieving manufacturing excellence has become critical for success. This paper examines the behavior of firm over time using system dynamics model as a basis for setting inventory situations. Consay Company Discount Store (in Poland) stocks socks in its warehouse and sells them through an adjoining showroom. The store keeps several brands and styles of socks in the stock; however, its biggest seller is Super socks marketing. A simulation model was created in order to examine the behavior of the inventory model over time. The store wants to determine the behavior of the inventory by using system dynamics (SD). The results of simulation showed that the long run behavior of the company is significantly different, depending on the inventory model chosen.
Keywords
- Behavior
- system dynamics
- inventory
- responsiveness
- order cycle
How to Cite
Abbas Mogbel Baerz, Alla Talal Yassin, Adel Azar, and Seyyed Esfehany, "Responsiveness of Inventory Order Cycle Policies (IOCP)with Unpredicted Events Occurrence through System Dynamics Modeling: A Case Study in Consay Company," International Journal of Innovation, Management and Technology, vol. 3, no. 1, pp. 61-66, 2012. https://doi.org/10.7763/IJIMT.2012.V3.197
Copyright & License
Copyright © 2012 by the authors. This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).