Rationing policies for inventory systems based on two demand classes

摘要：

In this paper we consider a single item inventory system where two demand classes with different shortage cost rate. A critical level, reorder point, order quantity or (R, Q, K) policy is in use. The critical level mechanism is analyzed, and the inventory is virtually divided into base stockpile and upscale stockpiles, which technically and simply solve the policy parameters. Then numerical test shows the critical level policy could reduce inventory costs efficiently with dramatically lower stock. Meanwhile, it is indicated that the approximate optimization method in this paper is effective and sufficient.

关键词： inventory two demand classes critical level

作者: CHENG Yongsheng

作者单位: School of Business Administration, Jiangxi University of Finance and Economics, Nanchang, Jiangxi

会议类型: 国际会议

会议名称: 2010 International Conference on Circuit and Signal Processing(2010年电路与信号处理国际会议 ICCSP 2010)

会议地点: 上海

会议语种:英文

页码: 478-481

在线出版日期: 2010-12-25（万方平台首次上网日期，不代表论文的发表时间）