Inventory managers are responsible for the trade-off between inventory holding costs and customer service. In this paper we consider a periodic review multi-item system with exogenous lot-sizes backordering. The objective is to minimize total subject constraint that aggregate fill rate should be at least equal target level. weighted average of rates all items in assortment. We three ways defini...

This paper investigates the optimal inventory replenishment policy for an economic production quantity (EPQ) model with backordering, rework and machine breakdown taking place in stock piling time. A prior paper by Chiu has examined the lot-sizing problem on an imperfect quality EPQ model. Due to another reliability factor random machine breakdown seems to be inevitable in most real world manuf...

Production systems with scrapped and rework items have recently become an interesting subject of research. While most attempts have been focused on finding the optimal production quantity in a simple production system, little work appears on a joint production environment. In this research, two joint production systems in a form of multiproduct singlemachine with and without rework are studied ...

In practice, demands for items are often correlated with each other because of cross-selling effects. Traditional inventory models hold the assumption that demands are independent, which may lead to the risk of misestimating the inventory cost of associated items. This paper addresses a multi-item inventory system where demands for some minor items are correlated with that for a major item. Bec...