Chapter 20
Inventory Control Models
20.1 Introduction
This chapter presents simulation models for inventory problems. Inventory may be items in a warehouse, spare parts inventories, office supplies, or maintenance materials. The purpose of inventory control is to administer an economic balance between the size of an order, frequency of ordering, and customer service. When these functions are well managed, an appropriate level of customer service can be maintained without excessive inventory levels.
20.2 Discount Store Model
This example is ...
