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In equipment-intensive industries such as truck manufacturing, electronics manufacturing, photo copiers,and airliners, service parts are often slow moving items for which, in some cases, the transshipment timeis not negligible. However, this aspect is hardly considered in the existing spare...
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performance measures, demand processes and order policies, and leads toeasier analysis and implementation, than prior research. We …
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proposed method outperforms the Wagner-Whitin algorithm and the Silver-Meal heuristic, under several demand patterns, within a … knowledge about future demand as the ending inventory valuation method. Our results indicate that the superior performance … future demand is available, whereas the traditional methods do not use any information about demand beyond the short model …
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In most multi-item inventory systems, the ordering costs consist of a major cost and a minor cost for each item included. Applying for every individual item a cyclic inventory policy, where the cycle length is a multiple of some basic cycle time, reduces the major ordering costs. An efficient...
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In this paper an inventory model with several demand classes, prioritised according to importance, is analysed. We … consider a lot-for-lot or (S-1,S) inventory model with lost sales.For each demand class there is a critical stock level at and … below which demand from that class is not satisfied from stock on hand. In this way stock is retained to meet demand from …
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