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| Author: | Glasserman, P. Tayur, S. |
| Title: | Sensitivity analysis for base-stock levels in multiechelon production-inventory systems |
| Journal: | Management Science
1995 : FEB, VOL. 41:2, p. 263-281 |
| Index terms: | SIMULATION CAPACITY POLICY |
| Language: | eng |
| Abstract: | effective management of inventories in large-scale production and distribution systems requires methods for bringing model solutions closer to the complexities of real systems. Motivated by this need, the authors develop simulation-based methods for estimating sensitivities of inventory cost with respect to policy parameters. These sensitivity estimates are useful in adjusting optimal parameters predicted by a simplified model to complexities that can be incorporated in a simulation. |
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