A periodic review inventory model involving variable lead time with a service level constraint

2000 ◽  
Vol 31 (10) ◽  
pp. 1209-1215 ◽  
Author(s):  
Liang Yuh Ouyang ◽  
Bor Ren Chuang
Keyword(s):  
Lead Time ◽  
Service Level ◽  
Inventory Model ◽  
Periodic Review ◽  
Periodic Review Inventory

scholarly journals Optimization Of (s, S) Periodic Review Inventory Model With Uncertain Demand And Lead Time Using Simulation

2011 ◽  
Vol 15 (1) ◽  
Author(s):  
Raida Abuizam
Keyword(s):  
Lead Time ◽  
Inventory Model ◽  
Inventory Level ◽  
Periodic Review ◽  
Expected Cost ◽  
Ordering Policy ◽  
Long Time ◽  
Risk Simulation ◽  
Optimal Values ◽  
Periodic Review Inventory

This paper presents the use of Palisade @RISK simulation and RISKOptimizer to minimize the expected cost of inventory per period over a long time horizon. An (s, S) ordering policy will be used in this analysis. In an (s, S) ordering policy, an order is placed at the beginning of any period in which beginning inventory is less than s. The order size is the amount needed to bring the inventory level up to S. This paper illustrates a comparison between the use of @RISK simulation with trial values of (s, S) and the use of RISKOptimizer to find optimal values of (s, S) that minimize the expected cost of inventory over a period of time in a periodic review inventory model.

A note on periodic review inventory model with controllable setup cost and lead time

2004 ◽  
Vol 31 (4) ◽  
pp. 549-561 ◽  
Author(s):  
Bor-Ren Chuang ◽  
Liang-Yuh Ouyang ◽  
Kai-Wayne Chuang
Keyword(s):  
Lead Time ◽  
Inventory Model ◽  
Periodic Review ◽  
Setup Cost ◽  
Periodic Review Inventory
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