Applying Simulation and Mathematical Programming on a Business Case Analysis for Setting up a Spare Part Logistics in the Construction Supply Industry
Wilhelm Dangelmaier, C. Laroque, R. Delius, J. Streichhan, in: Proceedings of The Third International Conference on Advances, Xpert Publishing Services, 2011, pp. 162–168.
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Conference Paper
| Published
| English
Author
Dangelmaier, Wilhelm ;
Laroque, Christoph;
Delius, Robin;
Streichhan, Jenny
Abstract
This paper describes how methods and techniques from different fields of research can be combined to evaluate cost-intensive and business-critical decisions regarding future market development. In their concrete application a leading company from the construction supply industry has to make a decision on setting up of a spare part logistic. Three future alternatives (negative, constant, positive market growth) on market trends are simulated with a Monte Carlo simulation by considering a given demand history and possible locations for storage facilities were isolated by applying the Steiner-Weber method. Finally solving a mixed-integer formulation of the Uncapacitated-Facility-Location-Problem gives information on opening/closing new/existing storage facilities by minimizing all relevant costs. The results of this approach, containing information about a cost-based evaluation of all business related decision criteria, were examined with a sensitivity analysis.
Publishing Year
Proceedings Title
Proceedings of The Third International Conference on Advances
Page
162-168
Conference Date
2011-10-23 – 2011-10-29
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Cite this
Dangelmaier Wilhelm , Laroque C, Delius R, Streichhan J. Applying Simulation and Mathematical Programming on a Business Case Analysis for Setting up a Spare Part Logistics in the Construction Supply Industry. In: Proceedings of The Third International Conference on Advances. Xpert Publishing Services; 2011:162-168.
Dangelmaier, Wilhelm , Laroque, C., Delius, R., & Streichhan, J. (2011). Applying Simulation and Mathematical Programming on a Business Case Analysis for Setting up a Spare Part Logistics in the Construction Supply Industry. Proceedings of The Third International Conference on Advances, 162–168.
@inproceedings{Dangelmaier_Laroque_Delius_Streichhan_2011, title={Applying Simulation and Mathematical Programming on a Business Case Analysis for Setting up a Spare Part Logistics in the Construction Supply Industry}, booktitle={Proceedings of The Third International Conference on Advances}, publisher={Xpert Publishing Services}, author={Dangelmaier, Wilhelm and Laroque, Christoph and Delius, Robin and Streichhan, Jenny}, year={2011}, pages={162–168} }
Dangelmaier, Wilhelm , Christoph Laroque, Robin Delius, and Jenny Streichhan. “Applying Simulation and Mathematical Programming on a Business Case Analysis for Setting up a Spare Part Logistics in the Construction Supply Industry.” In Proceedings of The Third International Conference on Advances, 162–68. Xpert Publishing Services, 2011.
Wilhelm Dangelmaier, C. Laroque, R. Delius, and J. Streichhan, “Applying Simulation and Mathematical Programming on a Business Case Analysis for Setting up a Spare Part Logistics in the Construction Supply Industry,” in Proceedings of The Third International Conference on Advances, 2011, pp. 162–168.
Dangelmaier, Wilhelm , et al. “Applying Simulation and Mathematical Programming on a Business Case Analysis for Setting up a Spare Part Logistics in the Construction Supply Industry.” Proceedings of The Third International Conference on Advances, Xpert Publishing Services, 2011, pp. 162–68.
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