Dynamic simulation of a R,S stock politic of hardware supply chain

Authors

DOI:

https://doi.org/10.22395/rium.v20n39a11

Keywords:

inventory policy, supply chain, ironmonger articles, system dynamics, box flow

Abstract

Nowadays, stock management became a strategic decision used by organizations due to the high impact it has on the overall performance of supply chains. This paper evaluates the impact of the implementation of a R, S inventory policy in the finances of a distribution network. The research involves the functioning of a hardware supply chain conformed by a retailer and a manufacturer, which is simulated trough system dyna- mics. The main results of the study validate the positive impact that the policy about network liquidity have. Likewise, it is possible to determine the dominance of parameters such as demand, the review period and the maximum production capacity over the overall performance of the system.

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Author Biographies

Andrés Mauricio Paredes Rodríguez, Corporación Universitaria Minuto de Dios

Magister en Ingeniería, con énfasis en Ingeniería Industrial. Docente tiempo completo del programa de Ingeniería Industrial la Corporación Universitaria Minuto de Dios sede Buga. Sublíder del grupo de investigación GICIDET de la misma Universidad.

Juan Carlos Osorio Gómez, Universidad del Valle

Ph.D. en Ingeniería con énfasis en Ingeniería Industrial. Profesor Titular de la escuela de Ingeniería Industrial de la Universidad del Valle. Grupo de investigación en Logística y Producción

Published

2021-09-15

How to Cite

Paredes Rodríguez, A. M., & Osorio Gómez, J. C. (2021). Dynamic simulation of a R,S stock politic of hardware supply chain. Revista Ingenierías Universidad De Medellín, 20(39), 185–211. https://doi.org/10.22395/rium.v20n39a11

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