Inventory Simulation Model of a Lamp of Maintenance Warehouse of Facilities Management Department at Southeast Missouri State University Using Arena
It has been observed that inventory problems related to too small or very large order quantities may be the reason of failure in business. Optimal inventory management is very essential in order to reduce cost, stock out and meet the uncertain demand continuously. This simulation is done over a maintenance warehouse of facilities management department at Southeast Missouri State University. The problem addressed in this study is the lack of proper inventory management is the reason for excessive cost in the maintenance warehouse of facilities management department at Southeast Missouri State University. Sometimes stock out of lamp occurs which cost extra money due to urgent order made. The purpose of this study is to develop an inventory model of a lamp that will optimize the inventory level and minimize cost and stock out of this lamp of the maintenance warehouse of facilities management department at Southeast Missouri State University, and at the same time meet the uncertain needs or demands of the different departments that arise randomly throughout the year.