Journal ArticleDOI
Continuous review inventory model with controllable lead time, lost sales rate and order processing cost when the received quantity is uncertain
S. Priyan,R. Uthayakumar +1 more
TLDR
In this paper, the authors investigated the continuous review inventory model with shortages, in which the quantity received is uncertain, and the lead time, lost sales rate and order processing cost are decision variables.About:
This article is published in Journal of Manufacturing Systems.The article was published on 2015-01-01. It has received 25 citations till now. The article focuses on the topics: Implicit cost & Cost estimate.read more
Citations
More filters
Journal ArticleDOI
Coordinating supply chains with stochastic demand by crashing lead times
TL;DR: Results show that more spending and, under certain circumstances, using the fast shipping mode can provide sufficient motivation for the buyer to coordinate the order quantity and the service level decisions in the supply chain simultaneously.
Journal ArticleDOI
Lead time aggregation: A three-echelon supply chain model
TL;DR: In this article, the destructive effects of upstream aggregated stochastic lead times on the supply chain performance are analyzed, and an incentive scheme is proposed to convince the upstream members to increase their reorder points.
Journal ArticleDOI
The impact of lead time compression on demand forecasting risk and production cost: A newsvendor model
TL;DR: In this article, a model based on classical newsvendor problem with lead time as a controllable variable is proposed to solve the trade-off problem, which can increase the profitability of enterprise.
Journal ArticleDOI
Kalman filter based production control of a failure-prone single-machine single-product manufacturing system with imprecise demand and inventory information
TL;DR: An adaptive production control structure for failure-prone manufacturing systems under inventory and demand uncertainty is proposed, and a constructive numerical method for computing sub-optimal production policies is proposed and validated through numerical simulations.
Journal Article
Inventory Management Model Based on Lean Supply Chain to Increase the Service Level in a Distributor of Automotive Sector
TL;DR: In this article, a case study on demand forecast of spare parts and inventory control, selecting the best policies within each SKU category, achieved a reduction of the stock rupture, savings in purchases of supplies and greater fulfillment of orders that generated an increase of 22.49% in Sales.
References
More filters
Journal ArticleDOI
Optimal Lot Sizing, Process Quality Improvement and Setup Cost Reduction
TL;DR: It is demonstrated that lower setup costs can benefit production systems by improving quality control by introducing a simple model that captures a significant relationship between quality and lot size.
Journal ArticleDOI
An Analytical Determination of Lead Time with Normal Demand
Ching‐Jong Liao,Chih‐Hsiung Shyu +1 more
TL;DR: In this article, a probabilistic inventory model in which the lead time is a decision variable is presented, and the objective is to determine the lead-time that minimises the sum of the expected holding cost and the additional cost.
Journal ArticleDOI
Inventory Models Involving Lead Time as a Decision Variable
Mohamed Ben-Daya,Abdul Raouf +1 more
TL;DR: Inventory models where lead time is one of the decision variables are discussed, whether deterministic or probabilistic, and how this affects decision making in certain cases.
Journal ArticleDOI
Inventory models with a mixture of backorders and lost sales.
TL;DR: In this paper, the authors presented several single-echelon, single-item, static demand inventory models for situations in which, during the stockout period, a fraction b of the demand is backordered and the remaining fraction 1 - b is lost forever.
Journal ArticleDOI
Mixture Inventory Model with Backorders and Lost Sales for Variable Lead Time
TL;DR: In this article, a continuous review inventory model is presented, in which both lead time and order quantity are considered as decision variables where the shortages are neglected, and the effects of parameters are also included.
Related Papers (5)
Replenishment and Lead Time Decisions in Manufacturer-Retailer Chains
Shu-Lu Hsu,Chun Chen Lee +1 more