Accession Number : ADA181487
Title : An Evaluation of a Joint Replenishment Inventory Model with Random Demands.
Descriptive Note : Master's thesis,
Corporate Author : NAVAL POSTGRADUATE SCHOOL MONTEREY CA
Personal Author(s) : Kim,Won B
PDF Url : ADA181487
Report Date : Mar 1987
Pagination or Media Count : 71
Abstract : This paper considers a joint replenishment inventory problem with a continuous-review (S, c, s) policy for the backorder case with Poisson demands and constant procurement lead times. Whenever item i's inventory level hits s sub i (reorder point) or lower it triggers an order so as to raise item i's level to S sub i (order up point). At the same time any other item j with inventory level at-or-below its can-order point c sub j is included in the replenishment. A Poisson demand model with a queueing description of the system's operation is analysed, and comparisons are conducted for joint versus individual orders in the case of multi-item problems, where joint replenishment of several items may reduce setup costs. Keywords: Theses; Mathematical models, Computer programs.
Descriptors : *INVENTORY CONTROL, *MATHEMATICAL MODELS, *REPLENISHMENT, COMPUTER PROGRAMS, INVENTORY, LEAD TIME, PROCUREMENT, QUEUEING THEORY, THESES, SYSTEMS ANALYSIS, COMPUTERIZED SIMULATION
Subject Categories : Logistics, Military Facilities and Supplies
Distribution Statement : APPROVED FOR PUBLIC RELEASE