An inventory system with postponed and renewal demands

Keerthana, M.; Manuel, Paul

doi:10.1080/23302674.2020.1864505

Cited by 3 publications

(1 citation statement)

References 18 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The right flow means not too late and not too early and the amount is following the needs which means minimizing the presence of overstock or out of stock. Product shortages or oversupply both negatively impact the supply chain (Keerthana et al, 2020). Therefore, supply chain management is required (Kouki et al, 2016).…”

Section: Integrated Inventory Modelmentioning

confidence: 99%

An improvement of suppliermanufacture inventory system integrated with stochastic periodic review modeling for SMEs in Indonesia

Dewa¹,

Patanduk²,

Jumintono³

2022

EA-XXI

View full text Add to dashboard Cite

SME LCR is one of the handicrafts SME in Yogyakarta, Indonesia. This SME produces several handicraft products such as storage baskets with various variants, and furniture. The process of ordering raw materials for SMEs is carried out when there is a demand for incoming products with the order quantity based on the raw material needs in meeting product demand. This study intends to provide recommendations for improving raw material governance to overcome demand fluctuations during the lead time and reduce the total cost of supply chain inventory by implementing an integrated inventory system. To meet the study aim, the EOQ Probabilistic P system (Period Review Method) is utilized. The P inventory model is distinguished into two models namely model P with backorder and model P with lost sales. Next, the Purchase Cost (Ob) and Procurement Costs are applied to the P model. The research method comprises through 3 stages: the pre-field stage, field stage, and the advanced stage (laboratory analysis, data analysis, and reporting). Given the results regarding banana and mendong raw materials supply, it can be observed that for banana raw materials, the reorder time interval that can generate the minimum total inventory cost for banana raw materials is 0.1470 years or 53 days with a total cost of IDR 263,721,081.72. Moreover, it is seen that the suggested model generates the minimum total cost of supply chain inventory compared to the SME policy and the individual model, which justifies the economic feasibility of this model.

show abstract

Section: Integrated Inventory Modelmentioning

confidence: 99%

An improvement of suppliermanufacture inventory system integrated with stochastic periodic review modeling for SMEs in Indonesia

Dewa¹,

Patanduk²,

Jumintono³

2022

EA-XXI

View full text Add to dashboard Cite

show abstract

Optimal analysis of a multi-server queue with preprocessing time and replenishment inventory

Wu,

Huang,

Dang

et al. 2023

Journal of the Chinese Institute of Engineers

View full text Add to dashboard Cite

Markovian Demands on Two Commodity Inventory System with Queue-Dependent Services and an Optional Retrial Facility

et al. 2022

View full text Add to dashboard Cite

The use of a Markovian inventory system is a critical part of inventory management. The purpose of this study is to examine the demand for two commodities in a Markovian inventory system, one of which is designated as a major item (Commodity-I) and the other as a complimentary item (Commodity-II). Demand arrives according to a Poisson process, and service time is exponential at a queue-dependent rate. We investigate a strategy of (s,Q) type control for commodity-I with a random lead time but instantaneous replenishment for commodity-II. If the waiting hall reaches its maximum capacity of N, any arriving primary client may enter an infinite capacity orbit with a specified ratio. For orbiting consumers, the classical retrial policy is used. In a steady-state setting, the joint probability distributions for commodities and the number of demands in the queue and the orbit, are derived. From this, we derive a waiting time analysis and a variety of system performance metrics in the steady-state. Additionally, the physical properties of various performance measures are evaluated using various numerical assumptions associated with diverse stochastic behaviours.

show abstract

An inventory system with postponed and renewal demands

Cited by 3 publications

References 18 publications

An improvement of suppliermanufacture inventory system integrated with stochastic periodic review modeling for SMEs in Indonesia

An improvement of suppliermanufacture inventory system integrated with stochastic periodic review modeling for SMEs in Indonesia

Optimal analysis of a multi-server queue with preprocessing time and replenishment inventory

Markovian Demands on Two Commodity Inventory System with Queue-Dependent Services and an Optional Retrial Facility

Contact Info

Product

Resources

About