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Optimal and baseline values for inventory parameters

Clearly, the optimal values are smaller than the baseline parameters (except for Sy) indicating a smaller average stock level. Moreover, for the optimal configuration, the order frequency at the harbour is smaller since Sp/ -sff . This implies fewer [Pg.200]

240 phis is caused by rounding errors during simulation as well as the natural stochasticity of the responses. I.e. it cannot be decided whether a (marginal) difference in a response is caused by noise or an advantageous constellation of parameters. [Pg.200]


Table 4.14 Optimal and baseline values for inventory parameters... Table 4.14 Optimal and baseline values for inventory parameters...



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Baseline

For inventory

Optimization parameter

Parameter value

Performance measures for optimal and baseline values of inventory parameters

Values inventory

Valuing inventory

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