Continuous review inventory model with delay in payments

2003 ◽  
Vol 85 (1) ◽  
pp. 91-95 ◽  
Author(s):  
M.K. Salameh ◽  
N.E. Abboud ◽  
A.N. El-Kassar ◽  
R.E. Ghattas
2013 ◽  
Vol 694-697 ◽  
pp. 2742-2745
Author(s):  
Jin Hong Zhong ◽  
Yun Zhou

Abstract. A cross-regional multi-site inventory system with independent Poisson demand and continuous review (S-1,S) policy, in which there is bidirectional transshipment between the locations at the same area, and unidirectional transshipment between the locations at the different area. According to the M/G/S/S queue theory, birth and death process model and approximate calculation policy, we established inventory models respectively for the loss sales case and backorder case, and designed corresponding procedures to solve them. Finally, we verify the effectiveness of proposed models and methods by means of a lot of contrast experiments.


2014 ◽  
Vol 2014 ◽  
pp. 1-16 ◽  
Author(s):  
M. F. Yang ◽  
Wei-Chung Tseng

This paper proposes a three-echelon inventory model with permissible delay in payments under controllable lead time and backorder consideration to find out the suitable inventory policy to enhance profit of the supply chain. In today’s highly competitive market, the supply chain management has become a critical issue in both practice and academic and supply chain members have to cooperate with each other to bring more benefits. In addition, the inventory policy is a key factor to influence the performance of the supply chain. Therefore, in this paper, we develop a three-echelon inventory model with permissible delay in payments under controllable lead time and backorder consideration. Furthermore, the purpose of this paper is to maximize the joint expect total profit on inventory model and attempt to discuss the inventory policy under different conditions. Finally, with a numerical example provided here to illustrate the solution procedure, we may discover that decision-makers can control lead time and payment time to enhance the performance of the supply chain.


2015 ◽  
Vol 14 (2) ◽  
Author(s):  
Ikhsan Aditama ◽  
Yusuf Priyandari ◽  
Wakhid Ahmad Jauhari

<span><em>PT Kusumahadi Santosa is a company engaged in manufacturing, the textile industry. One of the major </em><span><em>processes that occurs within the company is printing process where types of chemicals that are used are </em><span><em>more than 250 different types. However, in conducting the management of chemical inventories, the </em><span><em>company still use the manual process which has not been computerized. As a result, there are some </em><span><em>problem occurs, such as miscalculation of 5%-30% in the process of recording the amount of chemicals, </em><span><em>process of discharging chemicals not recorded, control and planning of chemical inventories is not </em><span><em>optimum that will indirectly result in losses company. Therefore, it is necessary to design information </em><span><em>system management inventory for controlling chemical inventories. Information system management is </em><span><em>designed in the form of web applications and integrated with continuous review inventory model. In </em><span><em>addition, the system is equipped with functional and non-functional requirements to fix of the previous </em><span><em>system. By adopting the proposed information systems management, the process management of </em><span><em>chemicals can be managed more effectively and efficiently. The proposed information system which </em><span><em>integrated the system with continuous review inventory model can be adopted by the company for </em><span><em>managing the inventories and reducing the inventory cost.</em></span></span></span></span></span></span></span></span></span></span></span></span></span><br /></span>


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