Question: The objective of this assignment is to construct a MULTI - METHOD MODEL ( combination of system dynamics and discrete event simulation model ) that
The objective of this assignment is to construct a MULTIMETHOD 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.
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