Optimal inventory control policy for periodic-review inventory systems with inventory-level-dependent demand

2012 ◽  
Vol 59 (6) ◽  
pp. 430-440 ◽  
Author(s):  
Youhua Frank Chen ◽  
Ye Lu ◽  
Minghui Xu
Keyword(s):  
Inventory Control ◽  
Control Policy ◽  
Inventory Systems ◽  
Inventory Level ◽  
Periodic Review ◽  
Inventory Control Policy ◽  
Periodic Review Inventory ◽  
Dependent Demand

scholarly journals Nonlinear receding horizon control of production inventory systems with deteriorating items

2008 ◽  
Vol 18 (1) ◽  
pp. 37-45 ◽  
Author(s):  
M. Bounkhel ◽  
L. Tadj ◽  
R. Hedjar
Keyword(s):  
Production Rate ◽  
Production System ◽  
Receding Horizon Control ◽  
Inventory Systems ◽  
Inventory Level ◽  
Periodic Review ◽  
Receding Horizon ◽  
Production Inventory ◽  
Nonlinear Receding Horizon Control ◽  
Dependent Demand

This paper is concerned with the receding horizon control of the production rate of a deteriorating production system with a nonlinear inventory-level-dependent demand. Both continuous and periodic review policies are discussed and numerical illustrations are provided. .

Supply Chain Performance Evaluation Using Spreadsheet Simulation

2014 ◽  
Vol 592-594 ◽  
pp. 2699-2703
Author(s):  
Joby George ◽  
V. Madhusudanan Pillai
Keyword(s):  
Supply Chain ◽  
Information Sharing ◽  
Performance Measures ◽  
Control Policy ◽  
Bullwhip Effect ◽  
Periodic Review ◽  
Inventory Control Policy ◽  
Fixed Order ◽  
Grey Relational ◽  
Periodic Review Inventory

The objective of this paper is to develop a spreadsheet-based simulation methodology to evaluate the performance of a serial supply chain under different inventory position based ((r, Q) and (r, S)) and non-inventory position based (Fixed Order Quantity (FOQ) and Demand Flow Strategy (DFS)) periodic review inventory policies. The performance measures comprises of Fill Rate, Risk of Shortage, Bullwhip Effect and Total Cost of Supply Chain. An experimental study with four scenarios are carried out for two customer demand distributions under information sharing and no information sharing scenarios to determine performance measures in lost sales environment. The best performing inventory control policy for each scenario is found by conducting Grey Relational Analysis and the analysis show that one of non-inventory position based policy, FOQ is the better policy compared to other three policies.

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