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Year of publication
Subject
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Karesh-Kuhn-Tucker conditions 1 OptQuest software 1 Response Surface Methodology 1 service constrained inventory system 1
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Free 1
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Book / Working Paper 1
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Undetermined 1
Author
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Kleijnen, Jack P.C. 1 Wan, J. 1
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Tilburg University, Center for Economic Research 1
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Discussion Paper / Tilburg University, Center for Economic Research 1
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RePEc 1
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Optimization of Simulated Inventory Systems : OptQuest and Alternatives
Kleijnen, Jack P.C.; Wan, J. - Tilburg University, Center for Economic Research - 2006
This article illustrates simulation optimization through an (s, S) inventory management system.In this system, the goal function to be minimized is the expected value of specific inventory costs.Moreover, specific constraints must be satisfied for some random simulation responses, namely the...
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