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Simulation study of a basic integrated inventory problem with quality improvement and lead time reduction

Sofie Van Volsem (UGent) and Johannes Verdiesen (UGent)
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Abstract
In this paper, we investigate the trade-off between investing in product quality improvement and lead time reduction in a B2B single-supplier, single-buyer environment. To this end, a discrete event simulation model is proposed, based on the integrated inventory model defined in Ouyang et al. (2006). Furthermore, the possibility of using alternative failure mechanisms and capital investment functions are studied. ity of using alternative failure mechanisms and capital investment functions are studied.
Keywords
inventory model, discrete event simulation, Supply chain, quality modeling

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Chicago
Van Volsem, Sofie, and Johannes Verdiesen. 2010. “Simulation Study of a Basic Integrated Inventory Problem with Quality Improvement and Lead Time Reduction.” In ISC’2010 : Proceedings of the 8th Annual International Industrial Simulation Conference, ed. Gabor Lencse, 190–194. Ghent, Belgium: Eurosis.
APA
Van Volsem, S., & Verdiesen, J. (2010). Simulation study of a basic integrated inventory problem with quality improvement and lead time reduction. In G. Lencse (Ed.), ISC’2010 : proceedings of the 8th Annual international Industrial Simulation Conference (pp. 190–194). Presented at the 8th Annual international Industrial Simulation Conference (ISC 2010), Ghent, Belgium: Eurosis.
Vancouver
1.
Van Volsem S, Verdiesen J. Simulation study of a basic integrated inventory problem with quality improvement and lead time reduction. In: Lencse G, editor. ISC’2010 : proceedings of the 8th Annual international Industrial Simulation Conference. Ghent, Belgium: Eurosis; 2010. p. 190–4.
MLA
Van Volsem, Sofie, and Johannes Verdiesen. “Simulation Study of a Basic Integrated Inventory Problem with Quality Improvement and Lead Time Reduction.” ISC’2010 : Proceedings of the 8th Annual International Industrial Simulation Conference. Ed. Gabor Lencse. Ghent, Belgium: Eurosis, 2010. 190–194. Print.
@inproceedings{1019686,
  abstract     = {In this paper, we investigate the trade-off between investing in product quality improvement and lead time reduction in a B2B single-supplier, single-buyer environment. To this end, a discrete event simulation model is proposed, based on the integrated inventory model defined in Ouyang et al. (2006). Furthermore, the possibility of using alternative failure mechanisms and capital investment functions are studied. 
ity of using alternative failure mechanisms and capital investment functions are studied.},
  author       = {Van Volsem, Sofie and Verdiesen, Johannes},
  booktitle    = {ISC'2010 : proceedings of the 8th Annual international Industrial Simulation Conference},
  editor       = {Lencse, Gabor},
  isbn         = {9789077381557},
  keyword      = {inventory model,discrete event simulation,Supply chain,quality modeling},
  language     = {eng},
  location     = {Budapest, Hungary},
  pages        = {190--194},
  publisher    = {Eurosis},
  title        = {Simulation study of a basic integrated inventory problem with quality improvement and lead time reduction},
  year         = {2010},
}