2 results for “constrained probabilistic inventory system”

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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 PDF Cite

Research ArticleOpen accessIn the keywordsPeriodic 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 PDF Cite