scholarly journals SETUP COST AND LEAD TIME REDUCTIONS ON STOCHASTIC INVENTORY MODELS WITH A SERVICE LEVEL CONSTRAINT

2002 ◽  
Vol 45 (2) ◽  
pp. 113-122 ◽  
Author(s):  
Liang-Yuh Ouyang ◽  
Bor-Ren Chuang ◽  
Hung-Chi Chang
Keyword(s):  
Lead Time ◽  
Service Level ◽  
Inventory Models ◽  
Setup Cost ◽  
Stochastic Inventory ◽  
Stochastic Inventory Models

Periodic review stochastic inventory models with service level constraint

2009 ◽  
Vol 40 (3) ◽  
pp. 237-243 ◽  
Author(s):  
Chih-Young Hung ◽  
Kuo-Chen Hung ◽  
Wen-Han Tang ◽  
Robert Lin ◽  
Chi-Kae Wang
Keyword(s):  
Service Level ◽  
Periodic Review ◽  
Inventory Models ◽  
Stochastic Inventory ◽  
Stochastic Inventory Models

Integrality in Stochastic Inventory Models

2012 ◽  
Author(s):  
Wei Chen ◽  
Milind Dawande ◽  
Ganesh Janakiraman
Keyword(s):  
Inventory Models ◽  
Stochastic Inventory ◽  
Stochastic Inventory Models

Analysis of Some Stochastic Inventory System in Supply Chain

2016 ◽  
pp. 124-147
Author(s):  
Bakthavachalam Rengarajan
Keyword(s):  
Steady State ◽  
Lead Time ◽  
Distribution Center ◽  
Setup Cost ◽  
Steady State Probability ◽  
Stochastic Inventory ◽  
Replenishment Policy ◽  
System States ◽  
Policy Supply ◽  
The Cost

In this chapter we consider a three echelon inventory control system which is modeled as a warehouse, single distribute and one retailer system handling a single product. A finished product is supplied from warehouse to distribution center which adopts one-for-one replenishment policy. The replenishment of items in terms of packets from warehouse to distribution center with exponential lead time having parameter µ1. Then the product is supplied from distribution center to retailer who adopts (s, S) policy. Supply to the retailer in packets of Q (= S - s) items is administrated with exponential lead time having parameter µ0. The demand at retailer node follows a Poisson with mean lambda. The steady state probability distribution of system states and the measures of system performance in the steady state are obtained explicitly. The Cost function is computed by using numerical searching algorithms, the optimal reorder points are obtained for various input parameters. Sensitivity analysis are discussed for various cost parameter such as holding cost, setup cost etc.

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