Measuring the Performance of Inventory Management System using Arena Simulator

The demonstration of inventory management systems is presented in this study to deal with a situation, where organizations are facing challenges due to uncertain behavior of demand. The implementation conducted using simulation technique to generate sampling experiment through computing and statistical methods. The important aspect of the simulation is to understand level of satisfaction regarding proposed system and its attributes. To assist the organization in controlling and managing the inventory system, the research provides the solution using Arena simulation tool. Firstly, the study explained the use of simulation and then reviews the common approaches of simulation. Secondly, the research proposed a framework for inventory control system. For practical implementation Arena tool used for model implementation. The main purpose of this experiment is to measure and analyze the applicability of potential system using a simulation tool. The results indicated the successful implementation of the proposed framework for inventory system. The model used multiple inventory system’s variables such as demand, inventory stock and realized cost. For demonstrating the real world system’s behavior, we used stochastic model for demand. The model executed using single server queuing (M/M/1) approach, but replicated several times. The results highlighted the high performances of machine located on multiples places and processed demand requests on each replication run. The study presented in this research demonstrates the association between demand and inventory. The proposed model can support the manufacturing organizations to control and manage inventory system.

@article{Alsolami2020,
  title     = {Measuring the Performance of Inventory Management System using Arena Simulator},
  journal   = {International Journal of Advanced Computer Science and Applications},
  volume    = {11},
  number    = {6},
  year      = {2020},
  publisher = {The Science and Information Organization},
  author    = {Fawaz J. Alsolami},
  doi       = {10.14569/IJACSA.2020.0110624},
  url       = {https://doi.org/10.14569/IJACSA.2020.0110624}
}