Showing 1 - 10 of 23
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 … discussed in this paper. It is shown that this algorithm can be used for deterministic multi-item inventory problems, with …
Persistent link: https://www.econbiz.de/10010324391
In this paper we analyse the effect of satisfying in a different way customers with an order larger than a prespecified cutoff transaction size, in a simple newsboy setting.For compound Poisson demand with discrete order sizes, we show how to determine the expected costs and the optimal cutoff...
Persistent link: https://www.econbiz.de/10010324424
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 …
Persistent link: https://www.econbiz.de/10010324574
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 …
Persistent link: https://www.econbiz.de/10011255557
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 … discussed in this paper. It is shown that this algorithm can be used for deterministic multi-item inventory problems, with …
Persistent link: https://www.econbiz.de/10005209541
In this paper we analyse the effect of satisfying in a different way customers with an order larger than a prespecified cutoff transaction size, in a simple newsboy setting. For compound Poisson demand with discrete order sizes, we show how to determine the expected costs and the optimal cutoff...
Persistent link: https://www.econbiz.de/10004972184
marketing process, and a qualitative and quantitative analysis on the implications for the transportation and inventory costs …
Persistent link: https://www.econbiz.de/10004972199
Whenever demand for a single item can be categorized into classes of different priority, an inventory rationing policy …-called critical level policy is applied to ration the inventory among the two demand classes. With this policy, low--priority demand … is rejected in anticipation of future high--priority demand whenever the inventory level is at or below a prespecified …
Persistent link: https://www.econbiz.de/10004972200
In this chapter we discuss inventory systems where several demand classes may be distinguished. In particular, we focus … on single-location inventory systems and we analyse the use of a so-called critical level policy. With this policy some … inventory is reserved for high-priority demand. A number of practical examples where several demand classes naturally arise are …
Persistent link: https://www.econbiz.de/10004972211
In this paper the effect of the break quantity rule on the inventory costs in a 1-warehouse, N-retailers distribution …, an expression for the inventory costs is derived. The objective of this paper is to provide insight into the effect of … the break quantity rule on the inventory holding costs, and therefore we present extensive computational results, showing …
Persistent link: https://www.econbiz.de/10004972214