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A periodic review inventory policy with poisson demand and two supply modes | |
Author | Nguyen Quang Trung |
Call Number | AIT Thesis no.ISE-08-12 |
Subject(s) | Inventory control--Planning |
Note | A thesis submitted in partial fulfillment of the requirements for the degree of Master of Science in Industrial Engineering & Management, School of Engineering and Technology |
Publisher | Asian Institute of Technology |
Series Statement | Thesis ; no. ISE-08-12 |
Abstract | This thesis proposed a periodic review inventory policy for a single-product with two supply modes, in which, at the review time if the inventory position is below S and above the emergency re-order point R, the normal supply mode will be used to raise the inventory position up to S, and if the inventory position is at or below the emergency re-order point R, the emergency supply mode will be used to raise the inventory position up to S. The emergency lead time is shorter than the normal supply lead-time and the orders only issued at review time. An approximate total cost function C (R,S) is developed for the proposed inventory policy and a procedure is established to find the optimal control parameters, i.e. R, S, such that the total cost is minimized. Finally, a sensitivity analysis of input parameters such as: ordering cost, shortage cost, lead-time and cycle time will be conducted |
Year | 2008 |
Corresponding Series Added Entry | Asian Institute of Technology. Thesis ; no. ISE-08-12 |
Type | Thesis |
School | School of Engineering and Technology (SET) |
Department | Department of Industrial Systems Engineering (DISE) |
Academic Program/FoS | Industrial Systems Engineering (ISE) |
Chairperson(s) | Trung Luong Huynh |
Examination Committee(s) | Voratas Kachitvichyanukul;Bohez, Erik L.J. |
Scholarship Donor(s) | Petro Vietnam |
Degree | Thesis (M.Sc.) - Asian Institute of Technology, 2008 |