This paper proposes a Decision Support System (DSS) to consistently improve decision-making in a (r,Q) policy-based inventory system. Although literature offers a wide selection of contributions on (r,Q) policy, a solution that provides a systemic way to set the related inventory parameters seems to be lacking. The purpose of this paper is to develop a DSS based on what-if analyses that aims to identify the most suitable balance between service level and inventory cost. The application of the DSS in a real case study shows the benefits of the proposed solution.
An interactive DSS to improve decision-making in the (r,Q) policy
Molinaro M.;Romano P.;Battistutta M.;da Re G.
2019-01-01
Abstract
This paper proposes a Decision Support System (DSS) to consistently improve decision-making in a (r,Q) policy-based inventory system. Although literature offers a wide selection of contributions on (r,Q) policy, a solution that provides a systemic way to set the related inventory parameters seems to be lacking. The purpose of this paper is to develop a DSS based on what-if analyses that aims to identify the most suitable balance between service level and inventory cost. The application of the DSS in a real case study shows the benefits of the proposed solution.File in questo prodotto:
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