4 articles for “Stochastic inventory model”

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 PDF Cite

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 PDF Cite

Research ArticleOpen accessAll words, across the recordEconomic 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 PDF Cite

Research ArticleOpen accessAll words, across the recordMulti-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 PDF Cite