A Metal Manufacturing Mill Uses Discrete-Event Simulation to Optimise Operations
Journal Title: European Journal of Economic and Business - Year 2016, Vol 1, Issue 1
Abstract
Simulation modeling is an important technique from mathematics and engineering for planning, implementing, and operating complex technical systems. We modeled the manufacturing operations of a local metal mill company to answer questions related to shorter product life cycle, identifying system bottlenecks, short-term budgeting, scheduling and other key decisions that may have a direct impact on revenues and costs of the company. We attempt to solve this problem using multi-method simulation modeling software, AnyLogic®, which allows room to accommodate higher levels of abstraction, thereby providing space to further extend this model for a multi-method simulation.
Authors and Affiliations
Lorena Mathien, Pavan Kumar Narayanan
Keywords
Related Articles
- EP ID EP193694
- DOI -
- Views 179
- Downloads 0
STATE OF LOGISTICS OUTSOURCING RESEARCH
The third and fourth party logistics (3PL and 4PL™) industry have been growing and maturing in practice in recent years; however, academic research is in the incipient stage and is lagging behind industry practices. Res...
Latent Class Analysis for Reliable Measure of Inflation Expectation in the Indian Public.
The main aim of this article is to inspect the properties of survey based on household inflation expectations, conducted by Reserve Bank of India (RBI). It is theorised that the respondent’s answers are exaggerated by ex...
A Five Factor Model On The Risk Level of Viet Nam Hardware Industry During and After The Global Crisis
In recent years, hardware industry in Viet Nam has reached many achievements. Under the volatility of stock price, and changes in macro factors such as inflation and interest rates, the well-established hardware market i...
Japanese and American Management: A Conceptual Synthesis
Through the details researching work of Japanese and American Management core strategies at unconventional approach. Japanese and the American are two fundamentally altered management styles from the wider outlook. The g...
Cashless Policy and Financial Development in Nigeria
This research systematically assesses the existent relationship between cashless policy and financial development in Nigeria, utilising post consolidated secondary data over a period from 2006 to 2014. It also employed t...