1 AIT Asian Institute of Technology

A periodic review inventory policy with poisson demand and two supply modes

AuthorNguyen Quang Trung
Call NumberAIT Thesis no.ISE-08-12
Subject(s)Inventory control--Planning

NoteA thesis submitted in partial fulfillment of the requirements for the degree of Master of Science in Industrial Engineering & Management, School of Engineering and Technology
PublisherAsian Institute of Technology
Series StatementThesis ; no. ISE-08-12
AbstractThis 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
Year2008
Corresponding Series Added EntryAsian Institute of Technology. Thesis ; no. ISE-08-12
TypeThesis
SchoolSchool of Engineering and Technology (SET)
DepartmentDepartment of Industrial Systems Engineering (DISE)
Academic Program/FoSIndustrial Systems Engineering (ISE)
Chairperson(s)Trung Luong Huynh
Examination Committee(s)Voratas Kachitvichyanukul;Bohez, Erik L.J.
Scholarship Donor(s)Petro Vietnam
DegreeThesis (M.Sc.) - Asian Institute of Technology, 2008


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