Dr. Michael Kirste Operations Research Expert and Software Engineer

Inventory Management - Simulation & Policy Comparison

Inventory Management - Simulation & Policy Comparison

Interactive Inventory Management Tool to simulate and compare classical inventory control policies such as (s, q), (r, s, q), and (r, S) under stochastic demand. By evaluating all policies on the same demand scenario, it enables a fair comparison of inventory levels and service performance, showing how optimized policies can reduce stockouts, lower costs, and improve operational efficiency.

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Policies

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