A Simulation Approach Paradigm: An Optimization and Inventory Challenge Case Study

The paper presents a simulation on automotive inventory and stock issue, followed by evaluated performance of automotif Sector Company, focused on getting optimum profit from supply and demand balancing. Starting by evaluating and verification of customer's document until car delivered to custo...

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Bibliographic Details
Published in:arXiv.org 2012-03
Main Authors: Heru Susanto, Almunawar, Mohammad Nabil, Mehmet Sabih Aksoy, Yong Chee Tuan
Format: Article
Language:English
Subjects:
Customer services
Demand
Optimization
Simulation
Online Access:Get full text
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Summary:The paper presents a simulation on automotive inventory and stock issue, followed by evaluated performance of automotif Sector Company, focused on getting optimum profit from supply and demand balancing. Starting by evaluating and verification of customer's document until car delivered to customer. Simulation method of performance is used to evaluate company activity. excess demand of car by customer, not eligible customer to rented a car, number of customer who served and number of customer who served including the driver, the last result is number of optimum demand that match with the stock or supply of car by the company. Finally, board of management should be making decision; the first decision is buy the new car for meet with the demand or second decision is recruit new staff for increasing customer service or customer care.
ISSN:2331-8422