The Use of Discrete Rate Simulation Paradigm to Build Models of Inventory Control Systems

Aivars Muravjovs, Jurijs Tolujevs, Irina Yatskiv

In Proceedings of the Second International Symposium on Stochastic Models in Reliability Engineering, Life Science and Operations Management (SMRLO’16), Ilia Frenkel and Anatoly Lisnianski (eds.), Beer Sheva, Israel, February 15-18, pp. 650-655 (2016)
DOI: 10.1109/SMRLO.2016.115

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This paper is devoted to the different simulation approaches that are described with an example of a basic conceptual inventory control model. The common feature of all simulation is the fact that the results can be acquired only through the processing on a computer with special simulation tools. The ways of creating these programs depend on the chosen philosophy (paradigm) of simulation modelling, and on a corresponding to this paradigm program package used to build a certain model. The authors propose the methodology for selecting simulation paradigms, depending on the simulated inventory control task.