Abstract
Storage models are usually used to determine the optimal order quantity and reorder point by obtaining the lowest total cost of storage to balance the amount of production and the amount of demand for materials, but sometimes these models can not be applied, so the use of simulation is resorted to where accurate and flexible results can be relied upon, to achieve the goal of the study, which is to improve the company's storage system. This research dealt with two cases of the probabilistic storage model, where the first model was applied to the monthly demand data on one of the products of Diyala General Company, which is the distribution transformer (400|11) for the years 2019,2020,2021. The second is the probabilistic storage model by simulating demand and comparing the two models, whichever is better to reach optimal. Where the distribution of demand was found to find the average and standard deviation and apply the model to obtain the indicators of the models. Using the MATLAB program, the statistical analysis of the data was carried out and the indicators of the model were obtained.
Published Version (
Free)
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: ZAC Conference Series: Social Sciences and Humanities
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
