A Probabilistic Inventory Model with Two-Parameter Exponential Deteriorating Rate and Pareto Demand Distribution
Journal Title: International Journal of Scientific Research and Management - Year 2018, Vol 6, Issue 5
Abstract
Although the deterioration is one of the main problems that have been investigated in the inventory systems science the last twenty years ago but Most deteriorating inventory studies focused on deterministic models. This paper presents a Constraint Deteriorating Probabilistic Periodic Review Inventory Model (CDPPRIM); a model is applicable when: (1) the demand is a random variable that follows Pareto distribution without lead-time, (2) some costs are varying, (3) shortages are permitted, and (4) the deterioration rate follows exponential distribution.The objective function under a constraint is imposed here in crisp and fuzzy environment. A numerical analysis method (Newton's method) is used to solve the model. The main objective is to find the optimal values of four decision variables (maximum inventory level, stock-out time, the deteriorating time and review time), which minimize the expected annual total cost under the assumptions. At the end, the paper explains the model through an application.
Authors and Affiliations
Hala Aly Fergany, Osama Mahmoud Hollah
Keywords
Related Articles
- EP ID EP545320
- DOI 10.18535/ijsrm/v6i5.m01
- Views 88
- Downloads 0
The Promotion of Cultural Tourism in Lower Subansiri District of Arunachal Pradesh: An Evolution of Accommodation Facilities and Tourists Arrivals
The Lower Subansiri district is one of the oldest district of Arunachal Pradesh with an area of about 3460 sq.km and about 83,030 population (2011) spreading in 536 villages. Geographically, it is an undulating terrain,...
A Case of Diagnosed Systemic Lupus Erythematosus with Antenatal Complications
This is a case report of SLE complicating pregnancy. During antenatal period preeclampsia was managed LSCS wasdone for IUGR with abnormal doppler. Patient discharged in stable condition and fo...
Data Deduplication: An approach for avoidance of duplicate data
Cloud computing is an emerging technology; it provides many services regarding software, infrastructure, storage, etc. Storage as a service is very eminen t service and makes users to use their storage spa...
An Identifying Impartment Of Product Using Aspect Ranking
The promptly growing e - commerce has facilitated consum ers to purchase products online . Most retail websites support consumers to write reviews to express their opinions on various aspec ts of the produ...
Authentication of User in E - Governance: A Digital Certificate Based Approach
The d evelopment of communication technology have motivated the Citizen and the Government to communicate through electronic medium. For successful communication, a multifaceted electronic instrument...