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Effective Investment to Reduce Setup Cost in a Mixture Inventory Model Involving Controllable Backorder Rate and Variable Lead Time with a Service Level Constraint
Author
Source
Mathematical Problems in Engineering
Issue
Vol. 2012, Issue 2012 (31 Dec. 2012), pp.1-15, 15 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2012-02-27
Country of Publication
Egypt
No. of Pages
15
Main Subjects
Abstract EN
This paper investigates the impact of setup cost reduction on an inventory policy for a continuous review mixture inventory model involving controllable backorder rate and variable lead time with a service level constraint, in which the order quantity, setup cost, and lead time are decision variables.
Our objective is to develop an algorithm to determine the optimal order quantity, setup cost, and lead time simultaneously, so that the total expected annual cost incurred has a minimum value.
Furthermore, four numerical examples are provided to illustrate the results, and the effects of system parameters are also included for decision making.
American Psychological Association (APA)
Lin, Hsien-Jen. 2012. Effective Investment to Reduce Setup Cost in a Mixture Inventory Model Involving Controllable Backorder Rate and Variable Lead Time with a Service Level Constraint. Mathematical Problems in Engineering،Vol. 2012, no. 2012, pp.1-15.
https://search.emarefa.net/detail/BIM-1001827
Modern Language Association (MLA)
Lin, Hsien-Jen. Effective Investment to Reduce Setup Cost in a Mixture Inventory Model Involving Controllable Backorder Rate and Variable Lead Time with a Service Level Constraint. Mathematical Problems in Engineering No. 2012 (2012), pp.1-15.
https://search.emarefa.net/detail/BIM-1001827
American Medical Association (AMA)
Lin, Hsien-Jen. Effective Investment to Reduce Setup Cost in a Mixture Inventory Model Involving Controllable Backorder Rate and Variable Lead Time with a Service Level Constraint. Mathematical Problems in Engineering. 2012. Vol. 2012, no. 2012, pp.1-15.
https://search.emarefa.net/detail/BIM-1001827
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1001827