Search results for "Inventory theory"
showing 2 items of 2 documents
A synthesis regarding the application of Expert Systems in Inventory management
2015
The paper surveys the application of Expert Systems in Inventory field in order to find out the relevant aspects needed to build an improved system. The result is a hybrid Expert System-Decision Support System that helps managers to face the uncertainty, complexity and the dynamics of the Inventory Management as the Heart of the Supply Chain Management.
The effect of inventory record inaccuracy in information exchange supply chains
2015
Abstract The goal of this paper is to quantify the impact of Inventory Record Inaccuracy on the dynamics of collaborative supply chains, both in terms of operational performance (i.e. order and inventory stability), and customer service level. To do so, we model an Information Exchange Supply Chain under shrinkage errors in the inventory item recording activity of their nodes, present the mathematical formulation of such supply chain model, and conduct a numerical simulation assuming different levels of errors. Results clearly show that Inventory Record Inaccuracy strongly compromises supply chain stability, particularly when moving upwards in the supply chain. Important managerial insights…