TY  - JOUR
AB  - In this paper we introduce a simulative model, designed and developed to optimally manage an integrated finished goods inventory system, and suitable for adoption in a wide range of make to stock manufacturing firms. The goal of the model is to manage optimally finished goods inventory levels, in order to minimize costs deriving from holding inventory and from adjustment to the master production schedule (MPS) to prevent stock‐outs. A trade off is sought between these costs components. The input variables of the model are: safety stock levels, assessed through coefficients k1, k2 and k3, and the stochastic distribution functions of products demand. The model performances are assessed considering the annual total cost for the inventory management. The model is then tested by a numerical application. The case considered refers to a major firm operating in the zootechnical feeds production industry.
VL  - 15
IS  - 4
SN  - 0957-6053
DO  - 10.1108/09576050210436129
UR  - https://doi.org/10.1108/09576050210436129
AU  - Bertolini Massimo
AU  - Rizzi Antonio
PY  - 2002
Y1  - 2002/01/01
TI  - A simulation approach to manage finished goods inventory replenishment economically in a mixed push/pull environment
T2  - Logistics Information Management
PB  - MCB UP Ltd
SP  - 281
EP  - 293
Y2  - 2024/04/25
ER  -