Single item inventory control under periodic review and a minimum order quantity
نویسندگان
چکیده
منابع مشابه
Order splitting under periodic review inventory systems
Most research on order splitting have focused on the reduction of safety stock in the multiple sourcing setting. Moreover, all works study the use of order splitting for the continuous review inventory systems. In this paper, we investigate the possibility of the multiple-delivery arrangement in the sole sourcing environment. In addition, we concentrate on the reduction of cycle stock for perio...
متن کاملA single-item inventory model for expected inventory order crossovers
Expected inventory order crossovers occur if at the moment of ordering it is expected that orders will not arrive in the sequence they are ordered. Recent research has shown that (a) expected inventory order crossovers will be encountered more frequently in future, and that (b) use of a myopic order-up-to policy based on a stochastic dynamic programming approach leads to improved performance co...
متن کاملEffective inventory control policies with a minimum order quantity and batch ordering
In this paper, we consider a single-item periodic-review stochastic inventory system with both minimum order quantity (MOQ) and batch ordering requirements. In each time period, the firm can order either none or at least as much as the MOQ. At the same time, if an order is placed, the order quantity is required to be an integral multiple of a given specific batch size. We first adopt a heuristi...
متن کاملEffective control policies for stochastic inventory systems with a minimum order quantity and linear costs
We consider a model of single-item periodic-review inventory system with stochastic demand, linear ordering cost, where in each time period, the system must order either none or at least as much as a minimum order quantity (MOQ). Optimal inventory policies for such a system are typically too complicated to implement in practice. In fact, the ðs;SÞ type of policies are often utilized in the real...
متن کاملA fuzzy vendor managed inventory of multi-item economic order quantity model under shortage: An ant colony optimization algorithm
In this study, a multi-item economic order quantity model with shortage under vendor managed inventory policy in a single vendor single buyer supply chain is developed. This model explicitly includes warehouse capacity and delivery constraints, bounds order quantity, and limits the number of pallets. Not only the demands are considered imprecise, but also resources such as available storage and...
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: International Journal of Production Economics
سال: 2011
ISSN: 0925-5273
DOI: 10.1016/j.ijpe.2010.03.019