Simulation model for closed loop repairable parts inventory system with service level performance measures
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...In the investigation there were models where the delivery time [2] is used and the quantity of the orders as decision variables and the objective is to discover an optimal inventory strategy that minimizes the expected total cost [40,][27], also stochastic simulations where the input variables can be defined by random variations, thus causing random outputs [57] and an EOQ model in order to determine the requirements to replenish the stock [16]....
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...Based on this increase, the profit that corresponds to the distributor and retailer can be found, and a sensitivity analysis [57],[24] will calculate how much the profit increases for the two-echelon supply chain, his because [50] indicate that significant cost savings are obtained within the provider network, which is applicable for other scenarios if they adopt such practices....
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