In this paper a deterministic inventory model is developed deterioration rate is time proportional. Demand rate is a function of selling price. Deterioration rate, inventory holding cost and ordering cost are all of function of time. The planning horizon is infinite. The optimum replacement policy and decision rule, which minimizes the total cost, is developed. In this study an order level inve...

The functional units of today’s complex business environment require more and more interfunctional data flow for decision making, timely and efficient procurement of product parts, management of inventory, accounting, human resources, and distribution of goods and services. Management of such organizations need efficient information systems to improve competitiveness by cost reduction and bette...

The most common method that materials managers use for classifying inventory items for planning and control purposes is the annual-dollar-usage ranking method (ABC classification). Recently, it has been suggested that multiple criteria ABC classification can provide a more comprehensive managerial approach, allowing consideration of other criteria such as lead time and criticality. This paper p...

background: long‑term effects of diabetes could be prevented or delayed by adopting a proper diet. the aim of this study was to adapt and provide a pilot test using health action process approach (hapa)‑based inventory to capable of capturing significant determinants of healthful diet for diabetics. methods: the inventory was reviewed by eight diabetes patients and verbal feedbacks with regard ...

Inventory management is an important part of production planning process for enterprises. Decisions for strategies to determine when and how many to buy or make can be made by classifying the inventory items based on their sorts. In this evaluation, ABC inventory classification is one of the most commonly used approaches. In this study, a fuzzy analytic network process approach was proposed to ...

We formulate and solve a single-item joint pricing and master planning optimization problem with capacity and inventory constrains. The objective is to maximize profits over a discretetime multiperiod horizon. The solution process consists of two steps. First, we solve the singleperiod problem exactly. Second, using the exact solution of the single-period problem, we solve the multiperiod probl...

Responses from UHCC Strategic Planning Council Spring 2009 Responses ascending value within characteristics The Community College Inventory provides descriptions of eleven characteristics that are strongly focused on student success -that is student persistence, learning and attainment. Related to each characteristic is a set of indicators that more fully describe observable institutional pract...

The deal for industrial companies is to satisfy their customers with the best quality, the most reliable lead times, and the lowest costs. One of the keys to achieve it is in the inventory control in the Supply Chain. Moreover, it is mandatory to possess necessary components in order to produce the requested products by the due date. But, as the components lead time is an unpredictable paramete...