Analysis of the performance of inventory management systems using the SCOR model and Batch Deterministic and Stochastic Petri Nets. (28th November 2016)

• Record Type: Journal Article
• Authors: Fattah, Jamal; Ezzine, Latifa; Moussami, Haj El; Lachhab, Abdeslam
• Is Part Of: International journal of engineering business management. Volume 8(2016)
• Publication Date: 2016-11-28
• Subjects: Modeling -- Stochastic Petri Nets -- inventory management systems -- SCOR model -- performance analysis; Engineering -- Periodicals; Industrial management -- Periodicals; Engineering; Industrial management; Periodicals; 620.0068
• DOI: 10.1177/1847979016678370
• Languages: English
• ISSNs: 1847-9790

Abstract

In this article, we present a contribution to modeling, evaluation, and analysis of the inventory management systems performance and more generally stochastic discrete event systems with a batch behavior. For this contribution, we combine two models: the Supply Chain Operations Reference model, proposed by the Supply Chain Council, with the Batch Deterministic and Stochastic Petri Nets, which constitutes a very powerful dynamic modeling tool. To do this, we applied these tools on a typical model of inventory management system in order to show how the combination of these two tools can help us to model and analyze the performance of the inventory management system and to provide information on their behavior and the effects of their parameters. A resolution of the stochastic process associated with the warehouse management system will allow us to calculate the following performance indicators: average stock, average cost of stock, probability of an empty stock, and average supply and frequency. These indicators will help to monitor the activity of our stock management system, and therefore make the right decisions for the development of the organization.