Optimization of reordering points: Realistic solution to an extensively studied, but poorly solved problem
Keywords:
reordering points, optimization, decision making, discrete event simulation.Abstract
The optimization of the
reordering point of raw
materials and maintenance
spare parts is a problem
extensively studied in the
academic fi eld, but poorly
solved in the context of plant
management. Most small or
medium sized enterprises do
not have tools to establish
appropriate reordering policies.
This paper focuses on the
problem of the optimization
of reordering points through
the usage of Discrete Event
Simulation software combined
with Simulated Annealing. The
program has been used to
optimize the reordering points
of a plastic manufacturing
company obtaining satisfactory
results.
