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40 results for “Inventory Model”
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Research ArticleOpen accessIn the abstractAn Optimal Control Approach to Inventory-Production Systems with Weibull Distributed DeteriorationMd. Azizul Baten, Anton Abdulbasah KamilProblem statement: We studied the inventory-production system with two-parameter Weibull distributed deterioration items. Approach: The inventory model was developed as linear optimal control problem and by the Pontryagin maximum principle, the optimal control problem was solved analytically to obtain the optimal solution of the problem. Results: It was then illustrated with the help of an example. By the principle of … …Journal of Mathematics and Statistics, Vol. 5, Issue 3 · 30 Sep 2009 · 7,549 accessesView PDFCite
Research ArticleOpen accessIn the abstractEconomic Ordering Quantity Model with Lead Time Reduction and Backorder Price Discount for Stochastic DemandMing-Cheng LoThis study considered reorder point on the continuous review inventory model under controllable lead time with mixture of backorder price discounts and partial lost sales. We developed a continuous review inventory model where the lead time, the order quantity, backorder discount and safety factor were considered as the decision variables of a mixture of backorders and lost sales inventory model. … …American Journal of Applied Sciences, Vol. 6, Issue 3 · 31 Mar 2009 · 7,018 accessesView PDFCite
Research ArticleOpen accessIn the abstractGenerating Treatment Plan in Medicine: A Data Mining ApproachAhmad Mahir Razali, Shahriyah AliThis study reports on a research effort on generating treatment plan to handle the error and complexity of treatment process for healthcare providers. Focus has been given for outpatient and was based on data collected from various health centers throughout Malaysia. These clinical data were recorded using SOAP (Subjective, Objective, Assessment and Plan) format approach as being practiced in medicine … …American Journal of Applied Sciences, Vol. 6, Issue 2 · 28 Feb 2009 · 7,303 accessesView PDFCite
Research ArticleOpen accessIn the abstractMulti-Product Multi-Constraint Inventory Control Systems with Stochastic Replenishment and Discount under Fuzzy Purchasing Price and Holding CostsAta Allah Taleizadeh, Seyed Taghi Akhavan Niaki, Mir-Bahador AryanezhadWhile in multi-periodic inventory control problems the usual assumption are that the orders are placed at the beginning of each period (periodic review) or depending on the inventory level they can happen at any time (continuous review), in this research, we relax these assumptions and assume that the periods between two replenishments of the products are independent and identically distributed … …American Journal of Applied Sciences, Vol. 6, Issue 1 · 31 Jan 2009 · 8,085 accessesView PDFCite
Research ArticleOpen accessIn the abstractImpact of Green House Gases (GHG) Emissions from Oil Production Facilities at Northern Kuwait Oilfields: Simulated ResultsKhaireyah Kh. AL-Hamad, V. Nassehi, A.R. KhanAir pollution and its effects on the ecosystem has been a source of concern for many environmental pollution organizations in the world. In particular climatologists who are not directly involved in petroleum industry sometimes express concerns about the environmental impacts of gaseous emissions from flaring at various despised points. For environmental and resource conservation reasons, flaring should always be minimized … …American Journal of Environmental Sciences, Vol. 4, Issue 5 · 31 Oct 2008 · 6,931 accessesView PDFCite
Research ArticleOpen accessIn the abstractUsing a Simulation Tool to Model the Ground Level Concentrations of Green House Gases Emitted by Flaring in Petroleum Production in Kuwait OilfieldsKhaireyah Kh. AL-Hamad, V. Nassehi, A.R. KhanAir pollution and its effects on the ecosystem has been a source of concern for many environmental pollution organizations in the world. In particular climatologists who are not directly involved in petroleum industry sometimes express concerns about the environmental impacts of gas emissions from flaring at well heads. For environmental and resource conservation reasons, flaring should always be minimized as … …American Journal of Environmental Sciences, Vol. 4, Issue 5 · 31 Oct 2008 · 6,667 accessesView PDFCite
Research ArticleOpen accessIn the abstractPeriodic Review Probabilistic Multi-Item Inventory System with Zero Lead Time under Constraints and Varying Order CostHala A. FerganyThis study treats the probabilistic safety stock n-items inventory system having varying order cost and zero lead-time subject to two linear constraints. The expected total cost is composed of three components: the average purchase cost; the expected order cost and the expected holding cost. The policy variables in this model are the number of periods Nr* and the optimal maximum … …American Journal of Applied Sciences, Vol. 2, Issue 8 · 31 Aug 2005 · 7,631 accessesView PDFCite
Research ArticleOpen accessIn the abstractEconomic and Financial Flow Generation in Tomato Industry in ItalyGiuseppe Bonazzi, Mattia IottiIn many Italian regions, firms operating in tomato industry have made significant investments in plants and machinery and often sell products to large food retail chains that require large stocks of inventory and have an average time of over 150 days for the payment of receivables. These management characteristics amplify capital requirements, in large part financed, increasing debt levels. Also, … …American Journal of Applied Sciences, Vol. 12, Issue 2 · 25 Mar 2015 · 7,118 accessesView PDFCite
Research ArticleOpen accessAll words, across the recordEstablishing an Adaptive Production-Procurement System with Markov Chain Approach Associated with 3C TheoryChun-Ta LinProblem statement: In this study, we classify the imperfect situations that the unreliability of production and the defective products might be incurred from production process into eight independently recurrent categories. Approach: With the property of recurrence of Markov chain, the limiting probability of each imperfect production category can be calculated through the transition probabilities matrix generated from these imperfect production … …Journal of Mathematics and Statistics, Vol. 7, Issue 3 · 18 Jul 2011 · 7,352 accessesView PDFCite
Research ArticleOpen accessAll words, across the recordOptimal Ordering Policy with Stock-Dependent Demand Rate Under Retailer’s Two Stages Trade Credit Financing Using Discounted Cash Flow (DCF) ApproachRakesh Prakash Tripathi, Harendra Singh, Neha SangMany researchers have assumed one stage trade credit financing. In this study, we considered two levels of trade credit policy using Discounted Cash Flow (DCF) approach. Demand rate is considered to be stock-dependent for the first level (credit demand) and constant for second level (cash demand). Mathematical models are derived under two different circumstances i.e., case I: The permissible delay … …Journal of Mathematics and Statistics, Vol. 11, Issue 3 · 18 Nov 2015 · 7,080 accessesView PDFCite