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.
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收藏
页码：57 / 73
页数：16
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