Simulation optimization of (S, S) inventory systems

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Abstract

Various methods have been proposed to conduct simulation optimization for discrete event systems such as manufacturing systems and telecommunications systems. We consider a periodic review (s, S) inventory system and report on simulation experiments with two proposed techniques: A deterministic '(retrospective" approach and a gradient-based algorithm.

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Fu, M. C., & Healy, K. J. (1992). Simulation optimization of (S, S) inventory systems. In Proceedings - Winter Simulation Conference (pp. 506–514). Institute of Electrical and Electronics Engineers Inc. https://doi.org/10.1145/167293.167631

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