A STRUCTURED ANALYSIS OF MATERIAL REQUIREMENTS PLANNING SYSTEMS UNDER COMBINED DEMAND AND SUPPLY UNCERTAINTY

Abstract

Material Requirements Planning system has achieved great significance in recent times MIRP, can substantially reduce product costs and Inventory investments while improving customer delivery performance. The performance of an - MitP system is greatly affected by uncertainty. In the present work the effect of presence of demand and supply uncertainties on material requirements planning systems are investigated. A simulation model is employed to evaluate the influence of these combined uncertainties. Their interaction with product structure variables and lot sizing techniques is also explored.