Development of Inventory Model to Reduce Total Inventory Costs at RSUD Mentawai

Model Driven Development of Inventory Tracking System*

An Inventory Tracking System (ITS) is a control and monitoring system that tracks the flow of goods and manages assets of warehouses. ITS is commonly used in warehouse management systems. The primary goal of an ITS is to provide convenient and reliable mechanisms to manage the movement and flow of inventory in a timely manner. An ITS should enable operators to configure warehouse storage organi...

Dynamic Inventory Planning with Unknown Costs and Stochastic Demand

Generally ordering policies are done by two methods, including fix order quantity (FOQ) and fix order period (FOP). These methods are static and either the quantity of ordering or the procedure of ordering is fixing in throughout time horizon. In real environments, demand is varying in any period and may be considered as uncertainty. When demand is variable in any period, the traditional and st...

Limit Distribution of Inventory Level of Perishable Inventory Model

This paper studies a perishable inventory model, which assumes that each perishable item has finite lifetime, and only one item is consumed each time. The lifetimes of perishable items are independent random variables with the general distribution and so are the consumption internal. Under this assumption, by using backward equations and limit distribution of Markov skeleton processes, this pap...

Bayesian Design of Inventory Systems to Minimize Expected Operating Costs

Inventory management requires optimal determination of (a) “when to order”, and (b) “how much to order”. One also needs here two answers—what should be stocked initially, and should one adjust (a) and (b) as time progresses? This paper uses the Bayesian approach to answer these. It uses the classical (s, Q) model and a heuristic search in the unstructured decision space. It finds that one can m...

Does Public Infrastructure Reduce Private Inventory ?