| Author | Tun Min Kyaw |
| Note | A thesis submitted in partial fulfillment of the requirements for the
degree of Master of Engineering in
Industrial and Manufacturing Engineering |
| Publisher | Asian Institute of Technology |
| Abstract | This thesis proposes and analyses an optimal inventory replenishment policy for a deteriorating item considering continuous time stochastic process for both demand and deterioration rate where shortages are allowed with time-dependent partial backlogging rate. The model is developed based on order quality - reorder point (Q,R) policy with nonzero lead time over infinite planning horizon. An appropriate cost model, which includes ordering cost, holding cost, deterioration cost, shortage cost and lost sale cost, is also developed. The main objective of this research is to find the optimal ordering quantity and reorder point that would minimize the average total cost per unit. Finally, a numerical example is presented and sensitivity analysis is carried out for important parameters. |
| 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;Abeykoon, A. M. Harsha S. ; |
| Scholarship Donor(s) | AIT Fellowship; |
| Degree | Thesis (M. Eng.) -- Asian Institute of Technology, 2017 |