The purpose of this paper is to extend [Ouyang, L. Y., Chuang, B. R. (2001). A periodic review inventory-control system with variable lead time. International Journal of Information and Management Sciences, 12, 1–13] periodic review inventory model with variable lead time by considering the fuzziness of expected demand shortage and backorder rate. We fuzzify the expected shortage quantity at th...

Inventory or material balance control is an important part of process control. In the literature, many rules have been proposed to help in designing such systems, but their justification is often unclear. The main contribution of this paper is to propose the more general local-consistency rule for evaluating inventory control systems. Consistency means that the steady-state mass balances (total...

A multi-item model of a production-inventory system incorporating deterioration, shortages and capacity/budge constraints is considered. An optimal control policy for the model is developed using linear quadratic (LQ) theory for the case of deterministic demands. The problem of controlling large-scale production-inventory facilities is also considered, and the interaction prediction method is u...

There is considered a two-level single-product inventory control system which controls correspondingly the wholesale’s warehouse and the customers’ warehouses. For delivering the product there has been organized a supply chain “producer – wholesaler – customer”. It is assumed that the customers and the wholesaler shape their stocks having in mind the minimization of the total costs of the produ...

This paper proposes an inventory control model for fixed deterioration and Logarithmic demand rat for the optimal stock of commodities to meet the future demand which may either arise at a constant rate or may vary with time. The analytical development is provided to obtain the optimal solution to minimize the total cost per time unit of an inventory control system. Numerical analysis has been ...

Practical experience and scientific research show that there is scope for improving the performance of inventory control systems by delaying a replenishment order that is otherwise triggered by generalised and all too often inappropriate assumptions. This paper presents the first analysis of the most commonly used continuous (s, S) policies with delayed ordering for inventory systems with compo...