In traditional inventory models such as the economic order quantity (EOQ) and the economic production quantity (EPQ) the sole objective is to minimize the total inventory-related costs, typically holding cost and ordering cost. These models do not consider the presence of defective products in the lot or rework of them. Recently, Jamal, Sarker, and Mondal (Jamal, A. A. M., Sarker, B. R., & Mond...

In this paper, we apply continuous review (S-1, S) policy for inventory control in a three-echelon supply chain (SC) including r identical retailers, a central warehouse with limited storage space, and two independent manufacturing plants which offer two kinds of product to the customer. The warehouse of the model follows (M/M/1) queue model where customer demands follow a Poisson probabilit...

The theory of constraints (TOC) supply chain replenishment system (TOC-SCRS) is an effective solution for coping with conflicts during the management of supply chain inventories. When it is deployed in a plant or a central warehouse with capacity constraints, TOC-SCRS encounters a problem comprised of 2 parts: first, how to establish a sound setup frequency (SF) that can meet production needs a...

This paper developed integrated production–inventory-marketing models for a two-stage supply chain consisting of one vendor and one buyer. The aim of the paper was to decrease the inconsistency between theory and practice of inventory management by relaxing some unrealistic assumptions such as constant demand and fully perfect items that make the models practically impossible for real-life prob...

The economic order quantity (EOQ) and the economic production quantity (EPQ) are well-known and commonly used inventory control techniques. The standard results are easy to apply but are based on a number of unrealistic assumptions. One of the assumption is that the demand is normally distributed in any interval. In several practical cases the assumption about independence of successive demands...

In today's globalization, an effective integration of production and distribution plans into a unified framework is crucial for attaining competitive advantage. This paper addresses an integrated multi-product and multi-time period production/distribution planning problem for a two-echelon supply chain subject to the real-world variables and constraints. It is assumed that all transportations a...

the gravitational search algorithm (gsa) is a novel optimization methodbased on the law of gravity and mass interactions. it has good ability to search forthe global optimum, but its searching speed is really slow in the last iterations. sothe hybridization of particle swarm optimization (pso) and gsa can resolve theaforementioned problem. in this paper, a modified pso, which the movement ofpar...

In this research, an integrated inventory problem is formulated for a single-vendor multiple-retailer supply chain that works according to the vendor managed inventory policy. The model is derived based on the economic order quantity in which shortages with penalty costs at the retailers` level is permitted. As predicting customer demand is the most important problem in inventory systems and th...