| The discrepancies between recorded and actual inventory levels, inventory inaccuracy, exist when demand error or inventory error occurs in a system. The presence of inventory inaccuracy can decrease a retailer's performance. Examining asymmetrically distributed demand and inventory errors and increasing error magnitude can help to provide a more realistic look into the impacts of inventory inaccuracy. In this thesis, an inventory system is modeled to measure the impacts of high magnitude and asymmetric demand and inventory errors on fill rate, service level, and average inventory. The model is analyzed using an experimental design to assess the impact of key input factors on these performance measures of interest. The results of this study provide insights into inventory management when asymmetric and high magnitude demand error and inventory error exist. |
