| Author | Nutcha Taneepanichskul |
| Note | A thesis submitted in partial fulfillment of the requirements for the
degree of Master of Engineering
Industrial and Manufacturing Engineering |
| Publisher | Asian Institute of Technology |
| Abstract | In the growth stage of product life cycle, demand pattern often increase and unstable so the tradition inventory policy is not appropriate to be used in this situation. There are many researches dealing with this problem but the lost sales policy haven’t been introduced in this kind of situation before. In reality, the lost sales policy is sometimes more preferable when holding cost is significant comparing to lost sale cost. Therefore, inventory policy for short life cycle non- deteriorating product during growth stage will be examined in this research. Solution technique will be developed to help solve decision parameters i.e. replenishments time and shortage staring point in each inventory cycle in order to minimize associated total cost when the demand follows an increasing non-linear pattern. The proposed method are developed taking into consideration the required service level and shortages are not allowed to occur at the end of planning horizon. In the proposed solution methods, the consecutive method proposed by Wang will be used to determine replenishment times and a new reduction cost technique will be applied to find shortage starting points in the whole planning horizon. Numerical experiments are then conducted to illustrate the applicability of this proposed inventory policy. |
| Year | 2017 |
| Type | Thesis |
| School | School of Engineering and Technology (SET) |
| Department | Department of Industrial Systems Engineering (DISE) |
| Academic Program/FoS | Microelectronics (ME) |
| Chairperson(s) | Huynh Trung Luong; |
| Examination Committee(s) | Voratas Kachitvichyanukul;Mongkol Ekpanyapong; |
| Scholarship Donor(s) | Thailand (H.M. King); |
| Degree | Thesis (M.Eng.) -- Asian Institute of Technology, 2017 |