In this paper, a multi-product continuous review inventory control problem within the batch arrival queuing approach (M/M/1) is modeled to find the optimal quantities of the maximum inventory. The objective function is to minimize the total costs of ordering, holding and shortage under warehouse space and service level, and expected lost-sales shortage cost constraints from retailer and warehou...

In this paper, a production inventory model is considered for stochastic demand with the effect of inflation. Generally, every manufacturing system wants to produce perfect quality items. However, due to real-life problems (labor problems, machine breakdown, etc.), a certain percentage of products are of imperfect quality. The imperfect items are reworked at a cost. The lifetime of a defective ...

priority queues have a great importance in the study of computer communication networks in which different types of traffic require different quality of service standards. the discrete-time non-preemptive priority queuing model with priority jumps is proposed in this paper. on the basis of probability generating functions mean system contents and mean queuing delay characteristics are obtained....

A real economic growth only comes from increasing quality and quantity of the factors of production. Most production systems produce items which are of imperfect quality. In a production/inventory situation items which are received or produced are not of perfect quality. Thus the presence of defects which is inevitable in a produced/ordered lot is sorted out by the process of screening. Handlin...

In the era of meager profit, production costs often become an important factor affecting SMEs’ operating conditions, and how to effectively reduce production costs has become an issue of in-depth consideration for the business owners. Especially, the food and beverage (F&B) industry cannot accurately predict the demand. It many cause demand forecast fall and excess or insufficient inventory pre...