File Download

There are no files associated with this item.

  Links for fulltext
     (May Require Subscription)
Supplementary

Article: Maximum issue quantity problem for inventory systems when demand is lumpy

TitleMaximum issue quantity problem for inventory systems when demand is lumpy
Authors
Issue Date1995
PublisherTaylor & Francis Inc. The Journal's web site is located at http://www.tandf.co.uk/journals/titles/01969722.asp
Citation
Cybernetics And Systems, 1995, v. 26 n. 1, p. 91-110 How to Cite?
AbstractThis paper presents a mathematical model developed for the synthesis of optimal replenishment policies for items that experience lumpy demands. In order to avoid disrupting the inventory system, a maximum issue quantity restriction is introduced such that customer demands with sizes equal to or exceeding w units will be filtered out of the inventory system and satisfied by placing a special replenishment order to a higher echelon. Customer demands with sizes less than w units will be met from stock. The control discipline is the (s, S) inventory policy with continuous review and the nature of the demands is approximated by a discrete compound Poisson distribution. The optimal values of the control parameters, s and S, are determined. The theoretical results obtained are illustrated with a numerical example.
Persistent Identifierhttp://hdl.handle.net/10722/155804
ISSN
2015 Impact Factor: 0.88
2015 SCImago Journal Rankings: 0.355

 

DC FieldValueLanguage
dc.contributor.authorMak, KLen_US
dc.contributor.authorLai, KKen_US
dc.date.accessioned2012-08-08T08:37:49Z-
dc.date.available2012-08-08T08:37:49Z-
dc.date.issued1995en_US
dc.identifier.citationCybernetics And Systems, 1995, v. 26 n. 1, p. 91-110en_US
dc.identifier.issn0196-9722en_US
dc.identifier.urihttp://hdl.handle.net/10722/155804-
dc.description.abstractThis paper presents a mathematical model developed for the synthesis of optimal replenishment policies for items that experience lumpy demands. In order to avoid disrupting the inventory system, a maximum issue quantity restriction is introduced such that customer demands with sizes equal to or exceeding w units will be filtered out of the inventory system and satisfied by placing a special replenishment order to a higher echelon. Customer demands with sizes less than w units will be met from stock. The control discipline is the (s, S) inventory policy with continuous review and the nature of the demands is approximated by a discrete compound Poisson distribution. The optimal values of the control parameters, s and S, are determined. The theoretical results obtained are illustrated with a numerical example.en_US
dc.languageengen_US
dc.publisherTaylor & Francis Inc. The Journal's web site is located at http://www.tandf.co.uk/journals/titles/01969722.aspen_US
dc.relation.ispartofCybernetics and Systemsen_US
dc.titleMaximum issue quantity problem for inventory systems when demand is lumpyen_US
dc.typeArticleen_US
dc.identifier.emailMak, KL:makkl@hkucc.hku.hken_US
dc.identifier.authorityMak, KL=rp00154en_US
dc.description.naturelink_to_subscribed_fulltexten_US
dc.identifier.scopuseid_2-s2.0-0029183181en_US
dc.identifier.volume26en_US
dc.identifier.issue1en_US
dc.identifier.spage91en_US
dc.identifier.epage110en_US
dc.publisher.placeUnited Statesen_US
dc.identifier.scopusauthoridMak, KL=7102680226en_US
dc.identifier.scopusauthoridLai, KK=7402135562en_US

Export via OAI-PMH Interface in XML Formats


OR


Export to Other Non-XML Formats