A hybrid simulation approach to planning in a VMI supply chain

Jayendran Venkateswaran, Young Jun Son, Albert T. Jones, Hyeung Sik J. Min

Research output: Contribution to journalArticle

11 Scopus citations

Abstract

In this paper, we propose an innovative approach of integrating the vendor managed inventory (VMI) strategy with a hierarchical approach to production planning (HPP) decisions within a supply chain environment. The proposed architecture is divided into three stages: plan optimisation (Stages I), schedule optimisation (Stage II) and decision evaluation (Stage III). To implement this architecture, we use system dynamics simulations, discrete-event simulations and the High Level Architecture (HLA) as a distributed infrastructure. We describe our approach for the analysis of supply chains in detail and discuss results from experiments that demonstrate the benefits of the proposed architecture.

Original languageEnglish (US)
Pages (from-to)133-149
Number of pages17
JournalInternational Journal of Simulation and Process Modelling
Volume2
Issue number3-4
DOIs
StatePublished - 2006

Keywords

  • SD
  • System Dynamics
  • VMI
  • discrete-event
  • hybrid distributed simulation
  • supply chain

ASJC Scopus subject areas

  • Modeling and Simulation
  • Computer Science Applications
  • Applied Mathematics

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