Variation experiment comprises a series of Simulation experiment runs, which are based on a single scenario with its one or several parameters being varied. The actual difference is that by manually adjusting the scenario for the Simulation experiment you observe the effect of the changes you make on the outcome, while the Variation experiment automatically varies the required data to find the best targerted solution.
This Variation tutorial is devoted to defining the optimal inventory policy parameters (Min and Max values of the Min-max policy) in terms of expenses incurred and the inventory level. The scenario that we will be using is not optimized, which brings us to the loss of orders when running simulation experiment.
Our task is to:
- Find the inventory policy configuration allowing us to deliver all the ordered products.
- Keep the expenses at a reasonable level.
Let us start this tutorial. Click the link below to get to the first phase.
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