Continuous review inventory model with controllable lead time, lost sales rate and order processing cost when the received quantity is uncertain

Priyan, S.; Uthayakumar, R.

doi:10.1016/j.jmsy.2014.09.002

Cited by 28 publications

(16 citation statements)

References 28 publications

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“…Here the author has been used exponential function of lead time crashing cost. Priyan and Uthayakumar [36] have developed Continuous review inventory model with controllable lead time, lost sales rate and order processing cost when the received quantity is uncertain. M.Vijayashree and R Uthayakumar [44] have developed integrated inventory model with controllable lead time involving investment for quality improvement in supply chain system.…”

Section: Literature Reviewmentioning

confidence: 99%

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Inventory Models Involving Lead Time Crashing Cost as an Exponential Function

Vijayashree¹,

Uthayakumar²

2016

IJMVSC

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Section: Literature Reviewmentioning

confidence: 99%

“…The application of the exponential function lead time crashing cost has been proposed by many authors, for example Vijayashree and Uthayakumar [45] and Priyan and Uthayakumar [36] 4.…”

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confidence: 99%

Inventory Models Involving Lead Time Crashing Cost as an Exponential Function

Vijayashree¹,

Uthayakumar²

2016

IJMVSC

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“…[16] developed an integrated inventory model with variable lead time, defective units, and delay-in-payments. A continuous review inventory model is proposed in [17] with shortages, in which an uncertain quantity is received. Also the lead time crashing cost is defined as an exponential function of lead time, and order processing cost and the lost sales rate are given by the logarithmic function of capital investment.…”

Section: Introductionmentioning

confidence: 99%

A Distribution-Free Model with Variable Setup Cost, Backorder Price Discount and Controllable Lead Time

Malik¹,

Sarkar²

2018

DJ JEAM

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The purpose of this study is to investigate an inventory model for variable setup cost under stochastic conditions, in which the order quantity, reorder point, lead time and backorder price-discount rate are decision variables. The lead time demand is stochastic and exact distribution is unknown. Therefore, the distributionfree approach for the lead time demand with known mean and standard deviation is discussed. The proposed method is validated based on the numerical example and sensitivity analysis, and the results are compared with the existing studies in literature. The numerical results demonstrate that the proposed distribution free approach is more economical and saves significant cost.

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“…Following Porteus [26], several authors (e.g. [2,3,17,18,27,37]) studied the economic benefits of reducing setup cost by investing in new technology.…”

Section: Introductionmentioning

confidence: 99%

An integrated production-distribution inventory system for deteriorating products involving fuzzy deterioration and variable setup cost

Priyan

Uthayakumar

2014

Journal of Industrial and Production Engineering

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An integrated two-stage supply chain system with one supplier and one buyer for deteriorating products is considered in this study to face growing setup cost and fuzzy random deterioration rate in the real-life inventory management. This study offers strategic decision-making to produce and supplies products in order to minimize total system cost under fuzzy deterioration rate and variable setup cost environment. We consider the cases where the deterioration rate is treated as the triangular fuzzy number and the setup cost is a function of capital expenditure. We then determine the optimal policy for the proposed model using the differential calculus optimization technique after the defuzzification of the total cost function with the signed distance method. Numerical example and sensitivity analysis are given to demonstrate the application and the performance of the proposed methodology. Some managerial implications are also included.

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Continuous review inventory model with controllable lead time, lost sales rate and order processing cost when the received quantity is uncertain

Cited by 28 publications

References 28 publications

Inventory Models Involving Lead Time Crashing Cost as an Exponential Function

Inventory Models Involving Lead Time Crashing Cost as an Exponential Function

A Distribution-Free Model with Variable Setup Cost, Backorder Price Discount and Controllable Lead Time

An integrated production-distribution inventory system for deteriorating products involving fuzzy deterioration and variable setup cost

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