CHAPTER 5: Simulation & Evaluation
5.1 Simulation………………………………………………………………………80
5.1.1 Reorder Point Model…………………………………..…………………..80
5.1.2 Min-Max Model……………………..…………………………………….81
5.2 Evaluation………………………………………………………………………..85
5.2.1 Forecast errors……………………………………………………………85
5.2.2 Backorder quantity……………………………………………………..….88
5.2.3 First fill rate………………………………………………………………..89
5.2.4 Total cost…………..………………………………………………………93
CHAPTER 6: Conclusion and recommendation………………………………….94