Published: 26 September 2011
Summary
With increasing demands on supply chains, the need for sophisticated modeling techniques is growing. Combining simulation and optimization techniques promises a more-realistic representation of a complex supply chain, and tests the feasibility of implementing a solution to meet business goals.
Included in Full Research
- Optimization Modeling: Deterministic or Stochastic
- Simulation Modeling: Deterministic or Stochastic
- Supply Chain Modeling Needs Outgrow Traditional Optimization Solutions
- Which Is Better, Simulation or Optimization? A Combination Is Best
- Example 1: Meeting Customer Requirements in the Distribution Network
- Example 2: Respecting Drivers' Needs in the Transportation Network
- Companies Should Take the Necessary Measures to Ensure Adoption and ROI