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39 articles for “Inventory model”
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Research ArticleOpen accessPhrase 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
Research ArticleOpen accessPhrase 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 accessPhrase in the titleInventory Models with Power Demand and Inventory-Induced Demand with Holding Cost FunctionsRakesh Prakash Tripathi, Sarla Pareek, Manjit KaurIn real life customers are motivated to buy more if there is more availability of product. In this study, we develop inventory model for inventory dependent demand with different holding cost function. Mathematical formulations are discussed for two situations i.e., power demand rate with inventory dependent holding cost functions and inventory-induced demand rate with time and inventory dependent holding cost … …American Journal of Applied Sciences, Vol. 14, Issue 6 · 6 Apr 2017 · 7,542 accessesView PDFCite
Research ArticleOpen accessPhrase in the titlePolicy Decisions for a Price Dependent Demand Rate Inventory Model with Progressive Payments SchemeMukesh Kumar, Rajat KumarProblem statement: In this proposed research, we developed an inventory model to formulate an optimal ordering policies for supplier who offers progressive permissible delay periods to the retailer to settle his/her account. We assumed that the annual demand rate as a decreasing function of price with constant rate of deterioration and time-varying holding cost. Shortages in inventory are allowed which … …Journal of Mathematics and Statistics, Vol. 8, Issue 1 · 17 Feb 2012 · 7,048 accessesView PDFCite
Research ArticleOpen accessEvery word in the titleApplying a Just-in-Time Integrated Supply Chain Model with Inventory and Waste Reduction ConsiderationsLi-Hsing Ho, Wei-Feng KaoJust-In-Time (JIT) has been playing an important role in supply chain environments. Countless firms have been applying JIT in production to gain and maintain a competitive advantage. This study introduces an innovative model which integrates inventory and quality assurance in a JIT supply chain. This approach assumes that manufacturing will produce some defective items and those products will not influence … …American Journal of Applied Sciences, Vol. 10, Issue 7 · 4 Jul 2013 · 6,990 accessesView PDFCite
Research ArticleOpen accessIn the keywordsAI-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 accessIn the keywordsPROBABILISTIC 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 accessIn the keywordsAN OPTIMIZATION-BASED HEURISTIC FOR A CAPACITATED LOT-SIZING MODEL IN AN AUTOMATED TELLER MACHINES NETWORKSupatchaya Chotayakul, Peerayuth Charnsetthikul, Juta Pichitlamken, John KobzaThis research studies a cash inventory problem in an ATM Network to satisfy customer’s cash needs over multiple periods with deterministic demand. The objective is to determine the amount of money to place in Automated Teller Machines (ATMs) and cash centers for each period over a given time horizon. The algorithms are designed as a multi-echelon inventory problem with single-item … …Journal of Mathematics and Statistics, Vol. 9, Issue 4 · 1 Oct 2013 · 7,049 accessesView PDFCite
Research ArticleOpen accessIn the keywordsConstrained Probabilistic Economic Order Quantity Model under Varying Order Cost and Zero Lead Time Via Geometric ProgrammingKotb Abd-El-Hamid Mahmoud Kotb, Huda Mohamed Hamid Al-ShanbariProblem 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 lead time. The model is restricted to the expected holding cost and the expected available limited storage space. Approach: The annual expected total cost is composed of three components (expected … …Journal of Mathematics and Statistics, Vol. 7, Issue 4 · 3 Nov 2011 · 7,612 accessesView PDFCite
Research ArticleOpen accessIn the keywordsLot-Sizing Decisions under Trade Credit Depending on the Ordering Quantity in Fuzzy Annual DemandChui-Yu Chiu, Zhi-Ping Lin, Yi LinProblem statement: In reality, there are of various products such as liquids, volatile, medicines and materials, in which the rate of deterioration is very large. However, little attention has been mentioned what the effects of deterioration occur in most inventory systems. Also, the loss of the deterioration should not be neglected as an important issue. Approach: In this study, we … …American Journal of Applied Sciences, Vol. 6, Issue 12 · 31 Dec 2009 · 6,763 accessesView PDFCite