Periodic Review Probabilistic Multi-Item Inventory System with Zero Lead Time under Constraint and Varying Holding Cost

@article{ElSodany2011PeriodicRP,
  title={Periodic Review Probabilistic Multi-Item Inventory System with Zero Lead Time under Constraint and Varying Holding Cost},
  author={Naglaa Hassan El-Sodany},
  journal={Journal of Mathematics and Statistics},
  year={2011},
  volume={7},
  pages={12-19}
}
  • N. El-Sodany
  • Published 29 January 2011
  • Business
  • Journal of Mathematics and Statistics
Problem statement: This study treats the probabilistic safety stock n-items inventory system having varying holding cost and zero lead-time subject to linear constraint. Approach: The expected total cost is composed of three components: the average purchase cost; the expected order cost and the expected holding cost. Results: The policy variables for this model are the number of periods N*r and the optimal maximum inventory level Q*mr and the minimum expected total cost. Conclusion… 

Figures and Tables from this paper

Constrained Probabilistic Economic Order Quantity Model under Varying Order Cost and Zero Lead Time Via Geometric Programming
Problem statement: In this study, we provide a simple method to determine the inventory policy of probabilistic single-item Economic Order Quantity (EOQ) model, that has varying order cost and zero
Fuzzy Inventory Models for Deteriorating Items Under Different Types of Lead-Time Distributions
  • Harish Garg
  • Business
    Intelligent Techniques in Engineering Management
  • 2015
TLDR
The main purpose of this work is to find out the quantity lot size (Q) and reorder point (R) level, which minimize the total annual inventory cost function in fuzzy environment.
Inventory Cost Share for Supply Chain Coordination by Means of Contracts
This chapter highlights the importance of contracts for coordination between companies in a supply chain. It considers a dyadic situation, with a supplier and a retailer. Coordination is achieved by
IMPLEMENTASI MODEL PENGENDALIAN PERSEDIAAN EOQ MULTI ITEM DENGAN MEMPERTIMBANGKAN MASA DEATHSTOCK PADA NON-KONSTAN DEMAND (STUDI KASUS : RUMAH SAKIT X TANGERANG)
Rumah sakit adalah fasilitas pelayanan masyarakat yang disediakan oleh pemerintah. Rumah sakit memiliki tujuan pelayanan yaitu untuk memberikan pelayanan obat-obatan pada waktu yang tepat dan dalam

References

SHOWING 1-8 OF 8 REFERENCES
Periodic Review Probabilistic Multi-Item Inventory System with Zero Lead Time under Constraints and Varying Order Cost
TLDR
This study treats the probabilistic safety stock n-items inventory system having varying order cost and zero lead-time subject to two linear constraints and obtains the optimal values of these policy variables by using the geometric programming approach.
Multi-item production lot-size inventory model with varying order cost under a restriction: A geometric programming approach
In this paper we present a geometric programming approach for determining the inventory policy for multiple items having varying order cost, which is a continuous function of the order quantity, and
The resource constrained single-item inventory problem with demand-dependent unit cost
In this paper, we present an economic order quantity (EOQ) with both demand-dependent unit cost and restrictions. An analytical solution of the EQO is derived using a recent and simple method, which
Procurement and Inventory Systems: Theory and Analysis
Constrained minima treated by geometric means
  • Westinghouse Sci. Paper,
  • 1974