by Don Johnston | Sep 18, 2016 | Announcements, Forecasting, Replenishment
There is now an online Monte Carlo inventory management simulator available for use. Clicking on the “Simulator” tab in the menu at the top of the page will open the simulator in a new browser tab. Click here for instructions for using it. Each simulation...
by Don Johnston | Sep 10, 2016 | Forecasting, Inventory Management Basics, Replenishment
This article provides an overview of inventory management simulation and its use for testing algorithms. If you want to use a particular algorithm for demand forecasting or reordering then it is desirable to simulate the effects first in order to avoid unpleasant...
by Don Johnston | Aug 13, 2016 | Announcements
I am developing interactive facilities for use by readers of this blog. For that reason, there have not been any posts for a while. A large proportion of my future posts will contain online calculators. I am currently testing an online inventory management simulator...
by Don Johnston | May 8, 2016 | Uncategorized
This review is of the third edition of the book “Inventory Control” by Sven Axsäter published by Springer. The book provides a predominantly mathematical treatment of many aspects of inventory management, both for distribution and manufacturing purposes. It is written...
by Don Johnston | May 4, 2016 | Announcements
Mathematical expressions are now displayed. A WordPress update had stopped mathematical expressions from being displayed by the plugin which I had been using for that purpose. I replaced that plugin with one which appears to be kept up to date. As a result, the...
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