Cost-Effective Optimization on a Two Demand Classes Inventory System

被引：0

作者：

Malligarjunan R.K. ^{[1
]}

机构：

[1] Devanga Arts College, Aruppukottai, Tamilnadu

来源：

International Journal of Applied and Computational Mathematics | 2016年 / 2卷 / 1期

关键词：

Backorders; Lost sales; Multiple demand classes; Poisson demands; Stochastic inventory;

D O I：

10.1007/s40819-015-0046-6

中图分类号：

学科分类号：

摘要：

This paper investigates impact of change of priority on a continuous review inventory system with a mixture of backorders and lost sales. The inter-arrival processes are assumed to be exponentially distributed. The objective is to minimize the anticipated total cost rate by simultaneously optimizing the maximum inventory level and backorders. An entropy-based uncertainty metric for evaluating the operating performance is demonstrated. The proposed modification offers the practical value of establishing how the long-run cost rate is reduced. Various system performance measures are derived. © 2015, Springer India Pvt. Ltd.

引用

页码：57 / 73

页数：16

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