File Download

There are no files associated with this item.

  Links for fulltext
     (May Require Subscription)
Supplementary

Article: An inventory model for items with demands satisfied from stock or by special deliveries

TitleAn inventory model for items with demands satisfied from stock or by special deliveries
Authors
KeywordsInventory Control
Lumpy Demands
Special Deliveries
Issue Date1996
PublisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/ijpe
Citation
International Journal Of Production Economics, 1996, v. 42 n. 3, p. 229-236 How to Cite?
AbstractIn this paper, a mathematical model is developed for the analysis of optimal replenishment policies for items which experience lumpy demands. In order to avoid disrupting the inventory system, a maximum issue quantity of w units is specified such that customer demands with sizes exceeding w units will be filtered out of the inventory system and treated as special orders to be satisfied by placing special replenishment orders to a higher echelon. Special deliveries are then arranged to ship the goods to the customers. Customer orders with sizes less than or equal to w units will be met from stock. The control discipline is the (s, S) inventory policy with continuous review and the nature of the customer demands is approximated by a discrete compound Poisson distribution. In order to reduce the annual replenishment cost, it is also specified that if the available inventory is below the order-up-to level S at the time when a special replenishment order is placed, such a replenishment order will also raise the available inventory level to S. The optimal values of the control parameters, s and 5, are determined. The theoretical results obtained are illustrated with a numerical example.
Persistent Identifierhttp://hdl.handle.net/10722/155811
ISSN
2015 Impact Factor: 2.782
2015 SCImago Journal Rankings: 2.749
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorHollier, RHen_US
dc.contributor.authorMak, KLen_US
dc.contributor.authorLam, CLen_US
dc.date.accessioned2012-08-08T08:37:51Z-
dc.date.available2012-08-08T08:37:51Z-
dc.date.issued1996en_US
dc.identifier.citationInternational Journal Of Production Economics, 1996, v. 42 n. 3, p. 229-236en_US
dc.identifier.issn0925-5273en_US
dc.identifier.urihttp://hdl.handle.net/10722/155811-
dc.description.abstractIn this paper, a mathematical model is developed for the analysis of optimal replenishment policies for items which experience lumpy demands. In order to avoid disrupting the inventory system, a maximum issue quantity of w units is specified such that customer demands with sizes exceeding w units will be filtered out of the inventory system and treated as special orders to be satisfied by placing special replenishment orders to a higher echelon. Special deliveries are then arranged to ship the goods to the customers. Customer orders with sizes less than or equal to w units will be met from stock. The control discipline is the (s, S) inventory policy with continuous review and the nature of the customer demands is approximated by a discrete compound Poisson distribution. In order to reduce the annual replenishment cost, it is also specified that if the available inventory is below the order-up-to level S at the time when a special replenishment order is placed, such a replenishment order will also raise the available inventory level to S. The optimal values of the control parameters, s and 5, are determined. The theoretical results obtained are illustrated with a numerical example.en_US
dc.languageengen_US
dc.publisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/ijpeen_US
dc.relation.ispartofInternational Journal of Production Economicsen_US
dc.subjectInventory Controlen_US
dc.subjectLumpy Demandsen_US
dc.subjectSpecial Deliveriesen_US
dc.titleAn inventory model for items with demands satisfied from stock or by special deliveriesen_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.doi10.1016/0925-5273(95)00160-3en_US
dc.identifier.scopuseid_2-s2.0-0030120696en_US
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-0030120696&selection=ref&src=s&origin=recordpageen_US
dc.identifier.volume42en_US
dc.identifier.issue3en_US
dc.identifier.spage229en_US
dc.identifier.epage236en_US
dc.identifier.isiWOS:A1996UP25500003-
dc.publisher.placeNetherlandsen_US
dc.identifier.scopusauthoridHollier, RH=6602740286en_US
dc.identifier.scopusauthoridMak, KL=7102680226en_US
dc.identifier.scopusauthoridLam, CL=54970877800en_US

Export via OAI-PMH Interface in XML Formats


OR


Export to Other Non-XML Formats