A comparative approach on a non-stationary demand, perishable goods, and fill rate constraint system of the static uncertainty policy to the static-dynamic uncertainty policy
Date of Publication
2017
Document Type
Bachelor's Thesis
Degree Name
Bachelor of Science in Industrial Engineering
College
Gokongwei College of Engineering
Department/Unit
Industrial and Systems Engineering
Thesis Adviser
Charlle Sy
Defense Panel Chair
Ronaldo V. Polancos
Defense Panel Member
Bryan O. Gobaco
Alma Maria Jennifer Gutierrez
Jonathan R. Dungca
Abstract/Summary
Inventory management strategies perform differently under different circumstances. If a chosen inventory strategy is not the best fit for the situation in which it is applied, there is an opportunity cost of the savings that would have been gotten by applying the best inventory strategy for the context. This study aims to compare the performance of two inventory strategies the static uncertainty inventory strategy and the static-dynamic inventory strategy in various environments within a system that has non-stationary demand, perishable goods, and fill rate constraint. Design of experiments was performed on each strategy, giving insight on how various factors interact within the strategies. Each strategy was then run with different scenarios under Monte Carlo simulated demand, giving insight on which scenarios favored which strategies.
Abstract Format
html
Language
English
Format
Accession Number
TU17378
Shelf Location
Archives, The Learning Commons, 12F, Henry Sy Sr. Hall
Physical Description
183 leaves : illustrations (some color) ; 29 cm.
Keywords
Inventory control; Materials management; Industrial management
Recommended Citation
Lim, K., Sun, J., & Mariano, P. (2017). A comparative approach on a non-stationary demand, perishable goods, and fill rate constraint system of the static uncertainty policy to the static-dynamic uncertainty policy. Retrieved from https://animorepository.dlsu.edu.ph/etd_bachelors/8029
