Application of Quick Switching System-1 with Single sampling Plan as reference plan through Minimum Sum of Risks in Determining Economic Ordering Policies under Permissible Delay in Payments
نویسندگان
چکیده
منابع مشابه
Optimal Ordering Policy with Stock-Dependent Demand Rate under Permissible Delay in Payments
We develop an inventory model to determine optimal ordering policy under permissible delay in payment by considering demand rate to be stock dependent. Mathematical models are derived under two different cases: credit period being greater than or equal to cycle time for settling the account, and credit period being less than or equal to cycle time for settling the account. The results are illus...
متن کاملEconomic order quantity under conditionally permissible delay in payments
Within the economic order quantity (EOQ) framework, the main purpose of this paper is to investigate the retailer’s optimal replenishment policy under permissible delay in payments. All previously published articles dealing with optimal order quantity with permissible delay in payments assumed that the supplier only offers the retailer fully permissible delay in payments if the retailer ordered...
متن کاملsecuritization of mortality risks in life annuities
insurers have in the past few decades faced longevity risks - the risk that annuitants survive more than expected - and therefore need a new approach to manage this new risk. in this dissertation we survey methods that hedge longevity risks. these methods use securitization to manage risk, so using modern financial and insurance pricing models, especially wang transform and actuarial concepts, ...
15 صفحه اولOptimal pricing and ordering policy for inflation dependent demand rate under permissible delay in payments
This paper deals with economic ordering policies for deteriorating items with inflation dependent demand rate under permissible delay in payments by considering selling price is necessarily higher than purchasing cost. We obtain optimal cycle time and we show the total cost function is concave for both cases i.e. case I and case II. We then develop an algorithm for a retailer to determine its o...
متن کاملHybrid Single Sampling Plan
In the manufacturing processes, quantities like the proportion of defective units in a production lot may not be precisely known and most of the times the practitioners have to compromise with some imprecise (approximate) values. Prior knowledge of such quantities is required to evaluate the quality of a produced lot. In this paper, the properties of single sampling plan under situations involv...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Sri Lankan Journal of Applied Statistics
سال: 2018
ISSN: 2424-6271,1391-4987
DOI: 10.4038/sljastats.v19i2.7980