Optimal policy for an inventory system with power demand, backlogged shortages and production rate proportional to demand rate
This article analyzes an inventory system for items with time-varying demand. The way by which demand occurs during the inventory cycle follows a power demand pattern. The production of items allows to add stock in the inventory during a replenishment period. The production rate is proportional to d...
Gespeichert in:
| Veröffentlicht in: | International journal of production economics 2014-09, Vol.155, p.163-171 |
|---|---|
| Hauptverfasser: | , , , |
| Format: | Artikel |
| Sprache: | eng |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Tags: |
Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
|
| container_end_page | 171 |
|---|---|
| container_issue | |
| container_start_page | 163 |
| container_title | International journal of production economics |
| container_volume | 155 |
| creator | Sicilia, Joaquín González-De-la-Rosa, Manuel Febles-Acosta, Jaime Alcaide-López-de-Pablo, David |
| description | This article analyzes an inventory system for items with time-varying demand. The way by which demand occurs during the inventory cycle follows a power demand pattern. The production of items allows to add stock in the inventory during a replenishment period. The production rate is proportional to demand rate. Shortages are allowed and completely backlogged. Holding cost, shortage cost and order cost are the costs considered in the inventory model. The aim consists of the minimization of the total cost per inventory cycle. An efficient approach is developed to obtain the optimal scheduling period and the optimal reorder point. In addition, the economic lot size and the minimum cost of the inventory management is determined. Some numerical examples are presented for illustrating the proposed inventory model. |
| doi_str_mv | 10.1016/j.ijpe.2013.11.020 |
| format | Article |
| fullrecord | <record><control><sourceid>proquest_cross</sourceid><recordid>TN_cdi_proquest_journals_1556324120</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><els_id>S0925527313005355</els_id><sourcerecordid>3414249641</sourcerecordid><originalsourceid>FETCH-LOGICAL-c462t-b262c6b7b4a52b5b50f247f54647090821b6e5611546bbb29f547970356022a43</originalsourceid><addsrcrecordid>eNp9UEFu2zAQJIoEiOPmAzkR6LVSl5RIWkAugdG0BQzk0p4Jklo5VG1RJWkHvvTtpeOce1rMzszuYAi5Z1AzYPLLWPtxxpoDa2rGauDwgSzYSjWVEqq7IgvouKgEV80NuU1pBADFVqsF-fs8Z783OzqHnXcnOoRIzUT9dMQph3ii6ZQy7umrzy9F84qR9rg3U_-ZWuN-78J2iz1NLyFms8VUvD2dY-gPLvsw0WgynvFc-ILLnxzeD7xxH8n1YHYJ797nkvx6-vpz_b3aPH_7sX7cVK6VPFeWS-6kVbY1glthBQy8VYNoZauggxVnVqKQjJWNtZZ3hVKdgkZI4Ny0zZJ8utwtWf4cMGU9hkMseZJmQsiGt4xDUfGLysWQUsRBz7GUE0-agT73rEd97lmfe9aMaXgzPVxMWPIfPUadnMfJYe8juqz74P9n_wdk6ody</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>1556324120</pqid></control><display><type>article</type><title>Optimal policy for an inventory system with power demand, backlogged shortages and production rate proportional to demand rate</title><source>Elsevier ScienceDirect Journals Complete</source><creator>Sicilia, Joaquín ; González-De-la-Rosa, Manuel ; Febles-Acosta, Jaime ; Alcaide-López-de-Pablo, David</creator><creatorcontrib>Sicilia, Joaquín ; González-De-la-Rosa, Manuel ; Febles-Acosta, Jaime ; Alcaide-López-de-Pablo, David</creatorcontrib><description>This article analyzes an inventory system for items with time-varying demand. The way by which demand occurs during the inventory cycle follows a power demand pattern. The production of items allows to add stock in the inventory during a replenishment period. The production rate is proportional to demand rate. Shortages are allowed and completely backlogged. Holding cost, shortage cost and order cost are the costs considered in the inventory model. The aim consists of the minimization of the total cost per inventory cycle. An efficient approach is developed to obtain the optimal scheduling period and the optimal reorder point. In addition, the economic lot size and the minimum cost of the inventory management is determined. Some numerical examples are presented for illustrating the proposed inventory model.</description><identifier>ISSN: 0925-5273</identifier><identifier>EISSN: 1873-7579</identifier><identifier>DOI: 10.1016/j.ijpe.2013.11.020</identifier><identifier>CODEN: IJPCEY</identifier><language>eng</language><publisher>Amsterdam: Elsevier B.V</publisher><subject>Backlogged shortages ; Demand ; Inventory ; Inventory management ; Inventory systems ; Mathematical models ; Power demand pattern ; Production capacity ; Production rate ; Shortages ; Studies</subject><ispartof>International journal of production economics, 2014-09, Vol.155, p.163-171</ispartof><rights>2013 Elsevier B.V.</rights><rights>Copyright Elsevier Sequoia S.A. Sep 2014</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c462t-b262c6b7b4a52b5b50f247f54647090821b6e5611546bbb29f547970356022a43</citedby><cites>FETCH-LOGICAL-c462t-b262c6b7b4a52b5b50f247f54647090821b6e5611546bbb29f547970356022a43</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktohtml>$$Uhttps://dx.doi.org/10.1016/j.ijpe.2013.11.020$$EHTML$$P50$$Gelsevier$$H</linktohtml><link.rule.ids>314,780,784,3550,27924,27925,45995</link.rule.ids></links><search><creatorcontrib>Sicilia, Joaquín</creatorcontrib><creatorcontrib>González-De-la-Rosa, Manuel</creatorcontrib><creatorcontrib>Febles-Acosta, Jaime</creatorcontrib><creatorcontrib>Alcaide-López-de-Pablo, David</creatorcontrib><title>Optimal policy for an inventory system with power demand, backlogged shortages and production rate proportional to demand rate</title><title>International journal of production economics</title><description>This article analyzes an inventory system for items with time-varying demand. The way by which demand occurs during the inventory cycle follows a power demand pattern. The production of items allows to add stock in the inventory during a replenishment period. The production rate is proportional to demand rate. Shortages are allowed and completely backlogged. Holding cost, shortage cost and order cost are the costs considered in the inventory model. The aim consists of the minimization of the total cost per inventory cycle. An efficient approach is developed to obtain the optimal scheduling period and the optimal reorder point. In addition, the economic lot size and the minimum cost of the inventory management is determined. Some numerical examples are presented for illustrating the proposed inventory model.</description><subject>Backlogged shortages</subject><subject>Demand</subject><subject>Inventory</subject><subject>Inventory management</subject><subject>Inventory systems</subject><subject>Mathematical models</subject><subject>Power demand pattern</subject><subject>Production capacity</subject><subject>Production rate</subject><subject>Shortages</subject><subject>Studies</subject><issn>0925-5273</issn><issn>1873-7579</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2014</creationdate><recordtype>article</recordtype><recordid>eNp9UEFu2zAQJIoEiOPmAzkR6LVSl5RIWkAugdG0BQzk0p4Jklo5VG1RJWkHvvTtpeOce1rMzszuYAi5Z1AzYPLLWPtxxpoDa2rGauDwgSzYSjWVEqq7IgvouKgEV80NuU1pBADFVqsF-fs8Z783OzqHnXcnOoRIzUT9dMQph3ii6ZQy7umrzy9F84qR9rg3U_-ZWuN-78J2iz1NLyFms8VUvD2dY-gPLvsw0WgynvFc-ILLnxzeD7xxH8n1YHYJ797nkvx6-vpz_b3aPH_7sX7cVK6VPFeWS-6kVbY1glthBQy8VYNoZauggxVnVqKQjJWNtZZ3hVKdgkZI4Ny0zZJ8utwtWf4cMGU9hkMseZJmQsiGt4xDUfGLysWQUsRBz7GUE0-agT73rEd97lmfe9aMaXgzPVxMWPIfPUadnMfJYe8juqz74P9n_wdk6ody</recordid><startdate>20140901</startdate><enddate>20140901</enddate><creator>Sicilia, Joaquín</creator><creator>González-De-la-Rosa, Manuel</creator><creator>Febles-Acosta, Jaime</creator><creator>Alcaide-López-de-Pablo, David</creator><general>Elsevier B.V</general><general>Elsevier Sequoia S.A</general><scope>AAYXX</scope><scope>CITATION</scope><scope>7TA</scope><scope>7TB</scope><scope>8FD</scope><scope>FR3</scope><scope>JG9</scope><scope>KR7</scope></search><sort><creationdate>20140901</creationdate><title>Optimal policy for an inventory system with power demand, backlogged shortages and production rate proportional to demand rate</title><author>Sicilia, Joaquín ; González-De-la-Rosa, Manuel ; Febles-Acosta, Jaime ; Alcaide-López-de-Pablo, David</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c462t-b262c6b7b4a52b5b50f247f54647090821b6e5611546bbb29f547970356022a43</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2014</creationdate><topic>Backlogged shortages</topic><topic>Demand</topic><topic>Inventory</topic><topic>Inventory management</topic><topic>Inventory systems</topic><topic>Mathematical models</topic><topic>Power demand pattern</topic><topic>Production capacity</topic><topic>Production rate</topic><topic>Shortages</topic><topic>Studies</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Sicilia, Joaquín</creatorcontrib><creatorcontrib>González-De-la-Rosa, Manuel</creatorcontrib><creatorcontrib>Febles-Acosta, Jaime</creatorcontrib><creatorcontrib>Alcaide-López-de-Pablo, David</creatorcontrib><collection>CrossRef</collection><collection>Materials Business File</collection><collection>Mechanical & Transportation Engineering Abstracts</collection><collection>Technology Research Database</collection><collection>Engineering Research Database</collection><collection>Materials Research Database</collection><collection>Civil Engineering Abstracts</collection><jtitle>International journal of production economics</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Sicilia, Joaquín</au><au>González-De-la-Rosa, Manuel</au><au>Febles-Acosta, Jaime</au><au>Alcaide-López-de-Pablo, David</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Optimal policy for an inventory system with power demand, backlogged shortages and production rate proportional to demand rate</atitle><jtitle>International journal of production economics</jtitle><date>2014-09-01</date><risdate>2014</risdate><volume>155</volume><spage>163</spage><epage>171</epage><pages>163-171</pages><issn>0925-5273</issn><eissn>1873-7579</eissn><coden>IJPCEY</coden><abstract>This article analyzes an inventory system for items with time-varying demand. The way by which demand occurs during the inventory cycle follows a power demand pattern. The production of items allows to add stock in the inventory during a replenishment period. The production rate is proportional to demand rate. Shortages are allowed and completely backlogged. Holding cost, shortage cost and order cost are the costs considered in the inventory model. The aim consists of the minimization of the total cost per inventory cycle. An efficient approach is developed to obtain the optimal scheduling period and the optimal reorder point. In addition, the economic lot size and the minimum cost of the inventory management is determined. Some numerical examples are presented for illustrating the proposed inventory model.</abstract><cop>Amsterdam</cop><pub>Elsevier B.V</pub><doi>10.1016/j.ijpe.2013.11.020</doi><tpages>9</tpages></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 0925-5273 |
| ispartof | International journal of production economics, 2014-09, Vol.155, p.163-171 |
| issn | 0925-5273 1873-7579 |
| language | eng |
| recordid | cdi_proquest_journals_1556324120 |
| source | Elsevier ScienceDirect Journals Complete |
| subjects | Backlogged shortages Demand Inventory Inventory management Inventory systems Mathematical models Power demand pattern Production capacity Production rate Shortages Studies |
| title | Optimal policy for an inventory system with power demand, backlogged shortages and production rate proportional to demand rate |
| url | https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2025-01-04T05%3A18%3A11IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-proquest_cross&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=Optimal%20policy%20for%20an%20inventory%20system%20with%20power%20demand,%20backlogged%20shortages%20and%20production%20rate%20proportional%20to%20demand%20rate&rft.jtitle=International%20journal%20of%20production%20economics&rft.au=Sicilia,%20Joaqu%C3%ADn&rft.date=2014-09-01&rft.volume=155&rft.spage=163&rft.epage=171&rft.pages=163-171&rft.issn=0925-5273&rft.eissn=1873-7579&rft.coden=IJPCEY&rft_id=info:doi/10.1016/j.ijpe.2013.11.020&rft_dat=%3Cproquest_cross%3E3414249641%3C/proquest_cross%3E%3Curl%3E%3C/url%3E&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_pqid=1556324120&rft_id=info:pmid/&rft_els_id=S0925527313005355&rfr_iscdi=true |