Joint demand fulfillment probability in a multi-item inventory system with independent order-up-to policies

Article Abstract:

Numerical results of a periodic-review model for joint demand fulfillment probability in a multi-item inventory system indicated that even if optimal combination order-up-to levels relies on the relation of item demands, a heuristic which disregards the connection is extensively quite effective, given that demand averages and variances are properly accounted for. One advantage of the model is that only the correlations of aggregated item demands in a time is needed, instead of individual orders.

MISCELLANEOUS MANUFACTURING INDUSTRIES, Manufacturing NEC, All Other Miscellaneous Manufacturing, Inventory Control, Analysis, Manufacturing industry, Manufacturing industries, Logistics

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The finite multiple lot sizing problem with interrupted geometric yield and holding costs

Article Abstract:

A method for tackling the multiple lot sizing problem in inventory management, by using dynamic programming, is presented.

Usage, Dynamic programming

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The profit maximizing capacitated lot-size (PCLSP) problem

Article Abstract:

A method for tackling the profit maximising problem of lot-sizes by introducing the price factor, is presented.

Methods, Unit pricing

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