Modelling Inventory Management System at Distribution Company: Case Study

Oksana Soshko, Riga Technical University,

Vilmars Vjakse, “King Coffee Service” Ltd.,

Yuri Merkuryev, Riga Technical University

IM 12

Abstract

The paper presents a case study on improving inventory management at the distribution company which operates in Latvia.

The case study is focused on application of different modelling approaches in inventory management under uncertain demand, namely inventory models, simulation models and optimization model.

The functionality of each model as well as its benefits for the current problem is discussed in the end of the paper.

Keywords – modelling, inventory management