Question: for this assignment do the following 1. Introduction 2. Methodology used and model operation test 3. Discussion on model shortcomings and possible ways for improvement

for this assignment do the following 1. Introduction 2. Methodology used and model operation test 3. Discussion on model shortcomings and possible ways for improvement 4. Recommendations, Conclusions 5. References, numbering, spelling and logic MULTI-METHOD MODEL OF COMPANYS SUPPLY CHAIN OPERATIONS The objective of this assignment is to construct a MULTI-METHOD MODEL (combination of system dynamics and discrete event simulation model) that accurately simulates the supply chain operations of a company. In order to accurately predict the inventory level of the supply chain model as well as the demand, potential users and users within the market place a combination of system dynamics and discrete event simulation modelling is combined. The reorder point as well as order quantity drastically impacts the inventory level fluctuation over time. Furthermore, a system dynamics model is constructed in order to accurately account for and simulate the market behaviour that the company operates in. Both models will influence one another based on operations unfolding in each of them. The market behaviours is influenced by a number of factors and the schematic illustration of the system dynamics simulation model is illustrated in Figure 1. Supply Chain Model Various components from the Process Modelling Library were combined to form the total supply chain model. A Source generates the supply based on order quantity from the supplier, while a three Queue objects simulate the storage buffers between each Delay operation. Both the Delivery and the Production components illustrated in Figure 3 are represented by the Delay operation. The input parameters applied to each component within the DEM setup is listed in Table 1 Market Model The market model consists of Flow, Stock, Dynamic Variables and Parameters that are linked to one another by links as illustrated in Figure 4. The various components that make up the market model is listed and described in Table 2 Model Integration the demand is larger than one and the available product in stock is also larger than one. This event removes a product from the ProductStock object in the supply chain section of the model. Furthermore, the Sales event also monitors the total inventory level and reorders stock when the total inventory level drops below the reorder quantity. The code applied to the Sales event is illustrated in Figure 6. Object Type The supply of good s from the supplier is simulated by this object. The original order quantity is defined by a property and is equal to 400. The storage buffer of the supplier is represented by this queue. The storage capacity is infinite and the level is monitored by means of an on-screen dashboard. Select Output The time that \begin{tabular}{|cccccc|}\hline Supply & SupplierStock & Delivery & RawMaterialStock & Production & ProductStock \\\hline\(+>0\) & 0.111 & (B) & (B) & (110)\\\hline\end{tabular}

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