Quantitative Economics and Management Studies
Vol. 5 No. 2 (2024)

Strand Inventory Analysis of Post Tension in PT XYZ Using Discrete-Event Simulation Method

Fakhrana Oktia Dyahnawangsari (Departement of Management, University of Indonesia, Jakarta, Indonesia)
Ratih Dyah Kusumastuti (Departement of Management, University of Indonesia, Jakarta, Indonesia)



Article Info

Publish Date
30 Apr 2024

Abstract

The development of connectivity infrastructure, particularly toll roads, is planned to continue expanding and reach 3,500 km by 2030. This signifies a positive outlook for the construction industry. This research conducted to analyse the management of post tension raw materials and determine the optimal policies using the discrete-event simulation method. Simulation scenarios were developed using the Arena application, taking into consideration the demand patterns for post tension work. The validation test results confirmed the capability of the base case model in accurately representing real-world conditions. Scenario development was carried out to influence the strand inventory pattern by incorporating reorder points and adjusting order sizes. Based on the scenario analysis, the most effective approach was found to be setting a reorder point of 3 tons and an order size of 5 tons. The implementation of this analysis successfully reduced the strand inventory by 58.78%. This research enables companies to optimize their inventory, reduce costs, and enhance operational efficiency. The findings contribute to the development of strategies that support sustainable growth in connectivity infrastructure in Indonesia.

Copyrights © 2024






Journal Info

Abbrev

qems

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Mathematics

Description

Journal of Quantitative Economics and Management Studies (QEMS) is an international peer-reviewed open-access journal dedicated to interchange for the results of high-quality research in all aspects of economics, management, business, finance, marketing, accounting. The journal publishes ...