Comparison between the models of potential storage and simulation of the demand for electricity transformer (400/11) in Diyala General Company
DOI:
https://doi.org/10.70516/zaccsssh.v1i1.19Keywords:
probabilistic storage model, total projected cost, reorder point, simulationAbstract
Storage models are usually used to determine the optimal order quantity and reorder point by obtaining the lowest total cost of storage to balance the amount of production and the amount of demand for materials, but sometimes these models can not be applied, so the use of simulation is resorted to where accurate and flexible results can be relied upon, to achieve the goal of the study, which is to improve the company's storage system. This research dealt with two cases of the probabilistic storage model, where the first model was applied to the monthly demand data on one of the products of Diyala General Company, which is the distribution transformer (400|11) for the years 2019,2020,2021. The second is the probabilistic storage model by simulating demand and comparing the two models, whichever is better to reach optimal. Where the distribution of demand was found to find the average and standard deviation and apply the model to obtain the indicators of the models. Using the MATLAB program, the statistical analysis of the data was carried out and the indicators of the model were obtained.
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