
Accession Number : AD0683507
Title : A STATIONARY PROBLEM FOR A MULTICOMMODITY INVENTORY SYSTEM WITH INTERACTING SETUP COSTS.
Descriptive Note : Technical rept.,
Corporate Author : FLORIDA UNIV GAINESVILLE DEPT OF INDUSTRIAL AND SYSTEMS ENGINEERING
Personal Author(s) : Sivazlian,B. D.
Report Date : NOV 1968
Pagination or Media Count : 33
Abstract : The stationary characteristics of a periodic review multicommodity inventory problem are investigated. The analysis is carried first for a twocommodity system and is then extended to an ncommodity system (n = or > 1). The stochastic model assumes a dyadic replenishment policy (either nothing is ordered or all commodities are ordered simultaneously) with proportional costs plus a single setup cost. For n = 2 and when the demands for the commodities are independently and exponentially distributed, the cost structure of the problem is analyzed and in one numerical example the optimal operating costs for individual and joint ordering policies are compared. (Author)
Descriptors : (*INVENTORY CONTROL, DECISION THEORY), STOCHASTIC PROCESSES, STATISTICAL DISTRIBUTIONS, EXPONENTIAL FUNCTIONS, INTEGRAL TRANSFORMS, CALCULUS OF VARIATIONS, OPTIMIZATION, COSTS
Subject Categories : Operations Research
Distribution Statement : APPROVED FOR PUBLIC RELEASE