Lost Sales Reduction due to investing on Periodic Review Inventory Model with a Service Level Constraint and Varying Inventory Holding Cost
Abstract & Details
Research Area
Supply Chain Management
Keywords
Periodic Review Inventory Model
Service Level Constraint
Inventory Holding Cost
Abstract
Previous papers have investigated stochastic periodic review inventory model with optimal lost sales caused by investment strategy. A service level constraint is added and the review period and the lost sales are treated as decision variables. In this study the above investigation is extended to include variable inventory holding cost per item per year. The results of previous study are obtained as a particular case of the present study. A sensitivity study is conducted to examine the effect on the expected annual cost to the variability in the average annual demand and the length of the lead time.
License
This work is licensed under a Creative
Commons
Attribution-ShareAlike 4.0 International License.
Author Information
| # | Name | Institute / Affiliation |
|---|---|---|
| 1 | Dhirendra Singh Parihar | Ansal University |
How to Cite
Use the following formats to cite this article in your research.
APA Style
Parihar, Dhirendra Singh (2015). Lost Sales Reduction due to investing on Periodic Review Inventory Model with a Service Level Constraint and Varying Inventory Holding Cost. International Journal of Advance Research and Innovative Ideas In Education, 1(3), 251-257.
MLA Style
Parihar, Dhirendra Singh. "Lost Sales Reduction due to investing on Periodic Review Inventory Model with a Service Level Constraint and Varying Inventory Holding Cost." International Journal of Advance Research and Innovative Ideas In Education, vol. 1, no. 3, 2015, pp. 251-257.
IEEE Style
Dhirendra Singh Parihar, "Lost Sales Reduction due to investing on Periodic Review Inventory Model with a Service Level Constraint and Varying Inventory Holding Cost," International Journal of Advance Research and Innovative Ideas In Education, vol. 1, no. 3, pp. 251-257, 2015.
Vancouver Style
Parihar Dhirendra Singh. Lost Sales Reduction due to investing on Periodic Review Inventory Model with a Service Level Constraint and Varying Inventory Holding Cost. International Journal of Advance Research and Innovative Ideas In Education. 2015;1(3):251-257.
Harvard Style
Parihar, Dhirendra Singh (2015) 'Lost Sales Reduction due to investing on Periodic Review Inventory Model with a Service Level Constraint and Varying Inventory Holding Cost', International Journal of Advance Research and Innovative Ideas In Education, 1(3), pp. 251-257.
Chicago Style
Parihar, Dhirendra Singh. "Lost Sales Reduction due to investing on Periodic Review Inventory Model with a Service Level Constraint and Varying Inventory Holding Cost." International Journal of Advance Research and Innovative Ideas In Education 1, no. 3 (2015): 251-257.
Turabian Style
Parihar, Dhirendra Singh. "Lost Sales Reduction due to investing on Periodic Review Inventory Model with a Service Level Constraint and Varying Inventory Holding Cost." International Journal of Advance Research and Innovative Ideas In Education 1, no. 3 (2015): 251-257.
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