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80 results for “Inventory”

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Research ArticleOpen accessEvery word in the titleAI-Integrated Probabilistic Optimization for Inventory Control Under Stochastic DemandJanardan BeheraThe identification and operationalization of increasingly nonstationary and volatile demand patterns challenge the conduct of inventory management in contemporary supply chains. The classical models, especially EOQ and static policies, rest on the stability of demand assumptions, either deterministically or distributionally, and are hence less apt under real-world uncertainty. In view of these limitations, the present study puts forward an integrated … …Journal of Mathematics and Statistics, Vol. 22, Issue 1 · 6 May 2026 · 2,217 accessesView PDFCite
Research ArticleOpen accessEvery word in the titleProcess is Unreliable and Quantity Discounts Supply Chain Integration Inventory ModelMing-Feng Yang, Yi LinThis paper mainly focuses on the discussion of the best economic production quantity of process unreliable and defective items reproduce of the production system. In today's production and manufacturing schedule, the quality of the supply chain often determines the efficiency of a company's operations. However, the traditional method of solving the problem of economic production quantities, mostly assumes that perfect … …American Journal of Engineering and Applied Sciences, Vol. 8, Issue 4 · 29 Oct 2015 · 8,298 accessesView PDFCite
Research ArticleOpen accessEvery word in the titlePROBABILISTIC PERIODIC REVIEW INVENTORYMODELUSING LAGRANGE TECHNIQUE AND FUZZY ADAPTIVE PARTICLE SWARM OPTIMIZATIONH. A. Fergany, N. A. El-Hefnawy, O. M. HollahThe integration between inventory model and Artificial Intelligent (AI) represents the rich area of research since last decade. In this study we investigate probabilistic periodic review <Q<qm, N> inventory model with mixture shortage (backorder and lost sales) using Lagrange multiplier technique and Fuzzy Adaptive Particle Swarm Optimization (FAPSO) under restrictions. The objective of these algorithms is to find the optimal … …Journal of Mathematics and Statistics, Vol. 10, Issue 3 · 11 Aug 2014 · 7,017 accessesView PDFCite
Research ArticleOpen accessEvery word in the titlePeriodic Review Probabilistic Multi-Item Inventory System with Zero Lead Time under Constraint and Varying Holding CostNaglaa Hassan El-SodanyProblem 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 … …Journal of Mathematics and Statistics, Vol. 7, Issue 1 · 29 Jan 2011 · 7,524 accessesView PDFCite
Research ArticleOpen accessEvery word in the titleInventory Management Systems with Hazardous Items of Two-Parameter Exponential DistributionAzizul Baten, Anton Abdulbasah KamilProblem statement: An exponentially decaying inventory was first developed by[10]. The certain commodities were observed to shrink with time by a proportion which can be approximated by a negative exponential function of time. Here, the novelty we took into consideration was that a constant hazardous rate followed by the two-parameter exponential distribution. Approach: We studied the inventory system with two-parameter … …Journal of Social Sciences, Vol. 5, Issue 3 · 30 Sep 2009 · 8,297 accessesView PDFCite
Research ArticleOpen accessEvery word in the titleAn 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 accessEvery word in the titleOptimizing Inventory Using Genetic Algorithm for Efficient Supply Chain ManagementP. Radhakrishnan, W. M. Prasad, M. R. GopalanProblem statement: Today, inventory management is considered to be an important field in Supply chain management. Once the efficient and effective management of inventory is carried out throughout the supply chain, service provided to the customer ultimately gets enhanced. Hence, to ensure minimal cost for the supply chain, the determination of the level of inventory to be held at various … …Journal of Computer Science, Vol. 5, Issue 3 · 31 Mar 2009 · 8,362 accessesView PDFCite
Research ArticleOpen accessEvery word in the titleMulti-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 accessEvery word in the titleConstrained Probabilistic Lost Sales Inventory System with Normal Distribution and Varying Order CostHala, A. Fergany, Mona, F. EL-WakeelThis study derives the probabilistic lost sales inventory system when the order cost is a function of the order quantity. Our objective is to minimize the expected annual total cost under a restriction on the expected annual holding cost when the lead-time demand follows the normal distribution by using the Lagrangian method. Then a published special case is deduced and … …Journal of Mathematics and Statistics, Vol. 2, Issue 1 · 31 Mar 2006 · 7,195 accessesView PDFCite
Research ArticleOpen accessEvery word in the titleConstrained Single Period Stochastic Uniform Inventory Model With Continuous Distributions of Demand and Varying Holding CostHala A. Fergany, M. E. El-SaadaniThis paper derives the single period stochastic inventory model with continuous distributions of demand and the holding unit cost is a function of the purchased (ordered) quantity. The objective is to find the optimal purchased quantity which minimizes the expected total cost for the period under a restriction on the expected varying holding cost when the demand during the period … …Journal of Mathematics and Statistics, Vol. 2, Issue 1 · 31 Mar 2006 · 7,156 accessesView PDFCite