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http://dx.doi.org/10.9709/JKSS.2012.21.3.025

Development of a Simulation Model to Decide the Proper Target Inventory Level for TOC Replenishment Inventory Management using System Dynamics  

Lee, Jung-Sook (서울과학기술대학교 IT정책전문대학원)
Jang, Seong-Yong (서울과학기술대학교 글로벌융합산업공학과)
Publication Information
Journal of the Korea Society for Simulation / v.21, no.3, 2012 , pp. 25-33 More about this Journal
Abstract
Ptak & Smith published ORLICKY'S Material Requirement Planning Third Edition in 2011 to correspond the rapidly changed market demand by improving the original MRP based on Theory of Constraints(TOC) replenishment inventory management. This study is to develop the simulation model to decide the proper target inventory level for TOC replenishment inventory management using system dynamics Vensim software. This study shows that the proper target replenishment level is how much significant to manage the inventory by the random sample data simulation. This simulation model will be extended to compare the results of the TOC replenishment inventory management planning with the results of the old MRP planning by the enterprise actual inventory data.
Keywords
TOC; Replenishment; Buffer management; Target inventory level; System Dynamics;
Citations & Related Records
Times Cited By KSCI : 2  (Citation Analysis)
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