International Journal of Systems Science · 1998 · 58 citations · 8 references
ManagementIndustrial EngineeringOperations ManagementInventory ControlInventory ManagementOptimizationInventory Management SystemsInventory OptimizationInventory SystemsInventory TheoryWarehouse OperationsWarehouse Stock ManagementDemand Rate AnalysisInventory Control ModelsInventory Models With Capacity ConstraintsInventory Models With ShortagesStock Level ControlStock Level OptimizationTransportation Cost MinimizationTransportation Cost Modeling
An order-level inventory model is developed by assuming that the demand rate is stock-dependent and two separate warehouses are used. When the stock level exceeds the capacity of the own warehouse (OW), a rented warehouse (RW) is used. The stock is transferred periodically in bulk from RW to OW and there is an associated transportation cost. No shortages are allowed. An algorithm is developed to obtain the optimal solution of the model. To study the effects of changes in the system parameters on the decision variables, a sensitivity analysis is carried out by taking a numerical example.
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Elementary Numerical Analysis.
W. G., Kendall Atkinson · Mathematics of Computation · 1994 · 1.3K citations