We consider a production-inventory control model with finite capacity and two different production rates, assuming that the cumulative process of customer demand is given by compound Poisson process. It possible at any time to switch over from rates but it mandatory switch-off when inventory reaches storage maximum capacity. holding, production, shortage penalty switching costs. This was introd...

In this paper we present a quantity-based model for integrated inventory replenishment and shipment consolidation decisions under vendor managed inventory. Assuming the vendor uses a special reorder point, order-up-to level, or ( , ) s S policy for inventory control and adopts a quantity-based dispatching strategy under stochastic settings, we build its simulation model. By simulating in Arena ...

A disaster inventory system is considered in which two substitutable items are stored for disaster management. In the event of disaster management, a particular product may become stock-out and the situation warrants that a demand for the particular product during its stock-out period may be substituted with another available similar product in the inventory. From the utility point of view, con...

The paper takes the operation center of D company as an example, studies the packing material inventory control. Grouping by ABC classification, the paper establishes the joint order of multi-item inventory control model to determine the optimal order cycle, achieving the purpose of reducing inventory levels and inventory cost. Keywords-packing materials; inventory; joint order; multi-item