On a Heuristic Inventory-replenishment Rule for Items with a Linearly Increasing Demand Incorporating Shortages

Dave, Upendra

doi:10.1057/jors.1989.145

Cited by 46 publications

(11 citation statements)

References 4 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…This work can be considered as the extension of the work of Silver (1979) in which shortage is taken into consideration. Later, Dave (1989a) developed a heuristic procedure for Model 1 of Teng et al (1997) and the total inventory cost resulted is close to the optimal solution provided by Dave (1989b).…”

Section: Introductionmentioning

confidence: 82%

A repetitive forward rolling technique for inventory policy with non-linear increasing demand pattern considering shortage

Astanti

Luong

2014

IJMOR

View full text Add to dashboard Cite

Demand of any particular products might not be stable, e.g., in the growth stage of the product life cycle where demand of most products might possess increasing functional form. The famous EOQ model is, then, not appropriate in this situation, since it was developed under the assumption of constant demand pattern. The research in this paper is focused on inventory decision problem with non-linear increasing demand pattern and considering shortage, by proposing a heuristic method based on repetitive forward rolling technique for determining the inventory policy for this case, i.e., the replenishment times and shortage points. The proposed technique is developed in such a way that demands during a predefined planning horizon are exactly met. Numerical experiments that are conducted to illustrate the applicability of the proposed technique show that it can provide competitive results when it is compared with other proposed techniques in the past researches.

show abstract

Section: Introductionmentioning

confidence: 82%

A repetitive forward rolling technique for inventory policy with non-linear increasing demand pattern considering shortage

Astanti

Luong

2014

IJMOR

View full text Add to dashboard Cite

show abstract

“…Mudueshwar [12] proposed the analysis procedure similar to Donaldson [13] to solve the optimal ordering time and frequency. Dave [14] amended the error in Deb and Chaudhuri model, including:…”

Section: Literature Reviewmentioning

confidence: 99%

“…The example in this research derived from Donaldson [13], and add shortage cost, opportunity cost and backlogging parameter. The parameters are as follows:…”

Section: Numerical Examplesmentioning

confidence: 99%

A Partial Backlogging Inventory Model with Time-Varying Demand During Shortage Period

Chen¹,

Zhuo²

2010

IJISA

View full text Add to dashboard Cite

Abstract-Harris's classic square root economic order quantity (EOQ) model forms the basis for many other models that relax one or more of its assumptions. A key assumption of the basic EOQ model is that stockouts are not permitted. Due to the excess demands, stock-out situations may arise occasionally. Sometimes, shortages are permitted and they are backordered and satisfied in the very next replenishment. Therefore the objective of this paper is to develop a partial backlogging inventory model, and proposes a new algorithm to minimize the total cost, at the same time also propose the prediction method and algorithm of ordering period. Finally, a practical example of the numerical analysis is given.

show abstract

“…Procedimento D1 (DAVE, 1989b) se I(t) + Q ESP s, Q(t) = Q, conforme passos acima se I(t) + Q ESP s, Q(t) = 0 AMRANI & RAND (1990) sugerem o uso de quatro técnicas heurísticas (bastante semelhantes entre si) para se encontrar o período de duração do pedido (para o problema com atraso), uma delas a proposta por Silver, exposta acima, e as demais colocadas a seguir. Sugere que, a partir da solução proposta por cada uma, escolhe-se a que gerar o menor custo (destas quatro, apenas a de Silver será avaliada).…”

Section: D) Demanda Variávelunclassified

Administração de estoques para bens de varejo não perecíveis

Biazzi

1994

Gest. Prod.

View full text Add to dashboard Cite

Palavras-chaves: estoques, simulação, administração de materiais, varejo IntroduçãoEste trabalho tem como objeto a administração de estoques de bens de varejo com algumas características específicas intrínsecas e de mercado. Os bens cuja administração é estudada neste trabalho são bens de consumo não perecíveis (ao menos no horizonte de algumas semanas), com demanda significativa e ciclo de vida longo, como bolachas, sabonetes, farinha de trigo, leite condensado, etc.Os mercados em que tais produtos são considerados são aqueles em que há várias opções para o consumidor final, de forma que, quando um determinado varejista não tem o bem disponível no momento desejado pelo cliente, este pode, sem custos

show abstract

On a Heuristic Inventory-replenishment Rule for Items with a Linearly Increasing Demand Incorporating Shortages

Cited by 46 publications

References 4 publications

A repetitive forward rolling technique for inventory policy with non-linear increasing demand pattern considering shortage

A repetitive forward rolling technique for inventory policy with non-linear increasing demand pattern considering shortage

A Partial Backlogging Inventory Model with Time-Varying Demand During Shortage Period

Administração de estoques para bens de varejo não perecíveis

Contact Info

Product

Resources

About