Relevant bibliographies by topics / Fixed Order Inventory Management Model

Contents

  1. Journal articles
  2. Dissertations / Theses
  3. Books
  4. Book chapters
  5. Conference papers

Academic literature on the topic 'Fixed Order Inventory Management Model'

Author: Grafiati
Published: 30 May 2022
Last updated: 31 July 2025

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Journal articles on the topic "Fixed Order Inventory Management Model"

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O, Enagbonma, and Odidi B. E. "A Mathematical Model for Deciding Optimal Ordering Policy for Fixed Lifetime Inventories with Expected Insurance Costs." Asian Research Journal of Mathematics 21, no. 2 (2025): 89–104. https://doi.org/10.9734/arjom/2025/v21i2895.

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Managing inventory-related risks is crucial for companies dealing with fixed lifetime inventories. Previous researches have focused on the study of inventory management and risk management. However, there are no adequate study in the literature that combines these two critical aspects in the mamagement of fixed liftetime inventories. We developed a stochastic optimization problem and minimized the expected total costs. The aim of the study is to examine decisions as regards when to place order or not for the probabilistic fixed lifetime inventory model with expected insurance costs. We compute
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Peng, Guo Jian, Guo Min Chen, Gang Chen, and Ze Hua Liu. "An Optimization Discusses of College Teaching Material Inventory Based on Supply Chain Management." Applied Mechanics and Materials 268-270 (December 2012): 2066–70. http://dx.doi.org/10.4028/www.scientific.net/amm.268-270.2066.

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This article investigate the structural form and process of college textbook supply chain in detail, and find out the matters of college textbook inventory under the Supply Chain Management on the base of Supply Chain Management, inventory control, inventory optimization and Economic batch theory. According to that problem, this article put forward a college teaching material inventory optimization model based on Fixed Order Quantity and fixed kickback rate, which is compared with the supply of university teaching characteristics and economic batch basic model, and to optimize inventory strate
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Risyahadi (Universitas IPB - Indonesia), Sazli Tutur, and Hanifah Yunan Putri (Universitas IPB - Indonesia). "UPAYA IMPROVEMENT PENGENDALIAN PERSEDIAAN SUKU CADANG DENGAN METODE FIXED TIME PERIOD PADA PT XYZ." Jurnal Manajemen Industri dan Logistik 3, no. 2 (2019): 129–40. http://dx.doi.org/10.30988/jmil.v3i2.122.

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Abstract Perusahaan yang memiliki keinginan untuk memenangkan persaingan yang terus meningkat di era globalisasi, perlu terus menerus melakukan perbaikan metode pengendalian persediaan suku cadangnya. Metode existing di perusahaan memiliki beberapa kekurangan seperti belum mempertimbangkan standar deviasi demand dan service level yang dikehendaki oleh perusahaan. Tujuan kajian ini adalah melakukan perbaikan pengelolaan persediaan suku cadang dengan menerapkan model yang memiliki karakteristik pengadaan yang sesuai dengan perusahaan. Model Fixed Time Period (FTP) adalah model yang sesuai karena
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Kwak, Jin-Kyung. "An Order-Up-to Inventory Model with Sustainability Consideration." Sustainability 13, no. 23 (2021): 13305. http://dx.doi.org/10.3390/su132313305.

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Along with growing interest in environmental concerns these days, significant academic efforts have been exerted to incorporate sustainability issues into the existing inventory models except for fixed-review interval (i.e., order-up-to models). In this study, we develop an order-up-to model considering environment-related costs and investigate the value of this new policy over the naïve one. Results of an extensive simulation study reveal that sustainability consideration reduces the total costs and that its value is higher when the mean demand is higher, when demand is more variable, when th
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Seifbarghy, Mehdi, Roger M. Hill, and David K. Smith. "A two-echelon inventory model with lost sales." European Journal of Operational Research 181, no. 2 (2006): 753–66. https://doi.org/10.1016/j.ejor.2006.08.017.

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This paper considers a single-item, two-echelon, continuous-review inventory model. A number of retailers have their stock replenished from a central warehouse. The warehouse in turn replenishes stock from an external supplier. The demand processes on the retailers are independent Poisson. Demand not met at a retailer is lost. The order quantity from each retailer on the warehouse and from the warehouse on the supplier takes the same fixed value Q, an exogenous variable determined by packaging and handling constraints. Retailer i follows a (Q, Ri) control policy. The warehouse operates an (SQ,
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Anjani, Andan, and Adirizal Nizar. "Inventory management and cost efficiency." International Journal of Research in Business and Social Science (2147- 4478) 10, no. 2 (2021): 217–27. http://dx.doi.org/10.20525/ijrbs.v10i2.1042.

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This research aims to observe current inventory management applied by one of the medical equipment distributors specializing in eye health devices, and provide recommendations for an optimal inventory management system to achieve cost efficiency afterward. The method used in this research is quantitative, focusing on processing and analyzing numerical data obtained from the company to calculate safety stock and the number of orders. In addition, ABC classification is also used in data processing to group items based on their value. Items belonging to class A (having a value of 80% for the comp
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Ardiananta, Izky, and Mursyid Hasan Basri. "Inventory Management Improvement at PT Inalum, Kuala Tanjung, Sumatra Utara." European Journal of Business and Management Research 9, no. 2 (2024): 71–78. http://dx.doi.org/10.24018/ejbmr.2024.9.2.2302.

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This research aimed to analyze the inventory issue in PT Inalum. The method used in this research is a quantitative method to collect inventory historical data from January 2022 to December 2022 obtained from the company’s ERP SAP. The data contains information of 6028 items of the MRO inventory. The collected data was analyzed using Economic Order Quantity (EOQ), Reorder Point (ROP), Safety Stock (SS) and Average Inventory Level (AIL). By using Fixed Order Quantity model, the MRO inventory is calculated to compare the ideal and actual average inventory levels. From the analysis, the researche
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Kacprzak, Dariusz, and Witold Kosiński. "Optimizing Firm Inventory Costs as a Fuzzy Problem." Studies in Logic, Grammar and Rhetoric 37, no. 1 (2014): 89–105. http://dx.doi.org/10.2478/slgr-2014-0019.

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AbstractThe fixed order quantity model of inventory management system is used in the deterministic part. Several elements of inventory cost, such as ordering cost, transportation and storing costs, frozen capital cost, as well as extra rebates, are taken into account in the model. Then the fuzzy optimization problem for the total cost function is formulated within the space of Ordered Fuzzy Numbers when all variables of the model are fuzzy. After the choice of a particular defuzzification functional an appropriate theorem is formulated which gives the solution of the problem.
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Vicente, Joaquim Jorge. "Optimizing Supply Chain Inventory: A Mixed Integer Linear Programming Approach." Systems 13, no. 1 (2025): 33. https://doi.org/10.3390/systems13010033.

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Abstract: Inventory supply chain planning involves determining the quantity of products to be transported among entities within a specified planning horizon. Often, inventory levels are reviewed at set intervals: (1) Background: In this paper, periodic review (s,S) policy is used to optimize inventories from an integrated perspective of inventory management across the supply chain. The decision to place an order and the order quantity are based on the inventory level at the review time. If the inventory falls below a certain level (s), an order is placed to replenish it to a target level (S);
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Kalaichelvan, Kalaiarasi, Nasreen Kausar, Sajida Kousar, Yeliz Karaca, Dragan Pamucar, and Mohammed Abdullah Salman. "Economic Order Quantity Model-Based Optimized Fuzzy Nonlinear Dynamic Mathematical Schemes." Computational Intelligence and Neuroscience 2022 (July 15, 2022): 1–9. http://dx.doi.org/10.1155/2022/3881265.

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Fuzzy mathematics-informed methods are beneficial in cases when observations display uncertainty and volatility since it is of vital importance to make predictions about the future considering the stages of interpreting, planning, and strategy building. It is possible to realize this aim through accurate, reliable, and realistic data and information analysis, emerging from past to present time. The principal expenditures are treated as fuzzy numbers in this article, which includes a blurry categorial prototype with pattern-diverse stipulation and collapse with salvation worth. Multiple paramet
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Dissertations / Theses on the topic "Fixed Order Inventory Management Model"

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Rodrigues, Hugo Alberto Crespo. "Caso de estudo sobre a melhoria da gestão de stocks na empresa Imarpec." Master's thesis, Instituto Superior de Economia e Gestão, 2017. http://hdl.handle.net/10400.5/14594.

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Mestrado em Gestão e Estratégia Industrial<br>As questões relacionadas com a melhoria da gestão de stocks têm assumido uma importância maior no seio das organizações, e nesse sentido têm-se desenvolvido estudos com vista a procurar soluções para minimizar o Custo Total de Aprovisionamento. No presente trabalho de projeto pretende-se demonstrar que é possível reduzir o atual Custo Total de Aprovisionamento da empresa Imarpec, sendo que para isso foram utilizados modelos académicos, como o QEE (Quantidade Económica de Encomenda) para encontrar a resposta à pergunta "Quanto encomendar?", que sat
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Чебан, М. О. "Формування маркетингової стратегії торговельного підприємства". Thesis, 2018. http://dspace.oneu.edu.ua/jspui/handle/123456789/9226.

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У роботі розглядаються теоретичні аспекти формування маркетингової діяльності підприємства, зокрема її визначення у різних наукових джерелах та зміст на різних стадіях життєвого циклу галузі.<br>The theoretical aspects of formation of the marketing activity of the enterprise, in particular its definition in various scientific sources and content at different stages of the life cycle of the industry are considered in the paper.
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Бондаренко, Ю. Ю. "Реалізація конкурентної стратегії торговельного підприємства на засадах BSC". Thesis, 2019. http://dspace.oneu.edu.ua/jspui/handle/123456789/10827.

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У роботі розглядаються теоретичні аспекти формування та реалізації конкурентної стратегії підприємства, зокрема її визначення у різних наукових джерелах та класифікація конкурентних переваг, що можуть бути в її основі. Проаналізовано стан ринку послуг роздрібної торгівлі товарами повсякденного попиту України. Запропоновано порядок формування конкурентної стратегії ТОВ «Руш» та заходи з її реалізації.<br>The theoretical aspects of the formation and implementation of the enterprise's competitive strategy are considered. In particular its definition in various scientific sources and the classifi
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Севастьянова, А. Ю. "Формування операційної стратегії на засадах BSC". Thesis, 2018. http://dspace.oneu.edu.ua/jspui/handle/123456789/9252.

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У роботі розглядаються основні теоретичні аспекти формування операційної стратегії діяльності підприємства, зокрема її визначення у різних наукових джерелах та підходи до її формування.<br>The paper considers the main theoretical aspects of the formation of the enterprise's operating strategy, in particular its definition in various scientific sources and approaches to its formation.
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Books on the topic "Fixed Order Inventory Management Model"

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Kulak, Dariusz. Wieloaspektowa metoda oceny stanu gleb leśnych po przeprowadzeniu procesów pozyskania drewna. Publishing House of the University of Agriculture in Krakow, 2017. http://dx.doi.org/10.15576/978-83-66602-28-1.

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Presented reasearch aimed to develop and analyse the suitability of the CART models for prediction of the extent and probability of occurrence of damage to outer soil layers caused by timber harvesting performed under varied conditions. Having employed these models, the author identified certain methods of logging works and conditions, under which they should be performed to minimise the risk of damaging forest soils. The analyses presented in this work covered the condition of soils upon completion of logging works, which was investigated in 48 stands located in central and south-eastern Pola
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Book chapters on the topic "Fixed Order Inventory Management Model"

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Singh, Dipti, S. R. Singh, and Monika Rani. "Impact of Preservation Technology Investment and Order Cost Reduction on an Inventory Model Under Different Carbon Emission Policies." In Data Analytics and Artificial Intelligence for Inventory and Supply Chain Management. Springer Nature Singapore, 2022. http://dx.doi.org/10.1007/978-981-19-6337-7_13.

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Gan, Jiahua, Meng Zhang, and Yun Xiao. "Multidimensional Data Analysis Based on LOGIT Model." In Proceeding of 2021 International Conference on Wireless Communications, Networking and Applications. Springer Nature Singapore, 2022. http://dx.doi.org/10.1007/978-981-19-2456-9_32.

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AbstractLogit Model is an important method for empirical analysis of multi-source data. In order to explore the traffic safety mechanism, The Paper taked traffic behavior data as an example, researched personal characteristics of truck drivers, Analyzed the influence of the driver’s personal traits on traffic violations. Based on the binary logistics regression model, the analysis model of traffic violations was established. The results show that personality, driver’s license level, daily driving time, transportation route, vehicle ownership, and occupational disease are important factors that
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Sala, Dariusz, and Bogusław Bieda. "Role of Stochastic Approach Applied to Life Cycle Inventory (LCI) of Rare Earth Elements (REEs) from Secondary Sources Case Studies." In Towards a Sustainable Future - Life Cycle Management. Springer International Publishing, 2021. http://dx.doi.org/10.1007/978-3-030-77127-0_10.

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AbstractMonte Carlo (MC) simulation using Crystal Ball® (CB) software is applied to life cycle inventory (LCI) modelling under uncertainty. Input data for all cases comes from the ENVIREE (ENVIronmentally friendly and efficient methods for extraction of Rare Earth Elements), i.e. from secondary sources eco-innovative project within the second ERA-NET ERA-MIN Joint Call Sustainable Supply of Raw Materials in Europe 2014. Case studies described the flotation tailings from the New Kankberg (Sweden) old gold mine and Covas (Portugal) old tungsten mine sent to re-processing/beneficiation for rare e
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Kumar, Vijay, and Pravin Kumar. "Modeling of an Inventory System with Variable Demands and Lead Times using a Fuzzy Approach." In Advances in Logistics, Operations, and Management Science. IGI Global, 2016. http://dx.doi.org/10.4018/978-1-4666-9888-8.ch007.

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Inventory modeling has always been an innovative research topic for the researchers. It is concerned with minimization of the total inventory cost and maximization of the service level with minimum inventory. In the real world, the demand is always variable; and also the lead time of supply of an item cannot be always fixed due to some unavoidable circumstances. This chapter is focused on an inventory model with shortages where demand quantity and lead time are considered as variable and represented by triangular fuzzy numbers. An expression for optimum order size, reorder point, safety stock
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Qin, Yuming, and Hongjie Lan. "Research on the Optimization of Medical Consumables Inventory in the Supply Processing and Distribution Model Based on an Improved Particle Swarm Optimization Algorithm." In Advances in Transdisciplinary Engineering. IOS Press, 2025. https://doi.org/10.3233/atde250291.

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With advancements in computer technology, AI, and smart healthcare, data-driven supply chain optimization is crucial for medical resource management. The uncertainty in clinical demand for medical consumables poses challenges for hospitals and suppliers in balancing supply, cost, and inventory efficiency. This study integrates demand forecasting and inventory replenishment optimization using historical consumption data, time series analysis, and AI algorithms to enhance prediction accuracy. Addressing the limitations of traditional forecasting-focused approaches, an improved particle swarm opt
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Barron, Yonit. "Fluid Inventory Models under Markovian Environment." In Logistics Engineering [Working Title]. IntechOpen, 2022. http://dx.doi.org/10.5772/intechopen.104183.

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Today’s products are subject to fast changes due to market conditions, short life cycles, and technological advances. Thus, an important problem in inventory planning is how to effectively manage the inventory control in a dynamic and stochastic environment. The traditional Economic Order Quantity (EOQ) and Economic Production Quantity (EPQ) both are widely and successfully used models of inventory management. However, both models assume constant and fixed parameters over time. Unfortunately, most of these assumptions are unrealistic. In this study, we generalize the EOQ and EPQ models and stu
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Patra, Soumendra Kumar, Tapan Kumar Lenka, and Er Purna Chandra Ratha. "A Time Dependent Order Level Inventory Model for Beta Deterioration in Two Warehouse Systems." In Operations and Service Management. IGI Global, 2018. http://dx.doi.org/10.4018/978-1-5225-3909-4.ch025.

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An inventory problem for a deteriorating item having two separate warehouses is developed under time value of money, whereby one is an own warehouse (OW) of finite dimension(s) and the other is rented warehouse (RW) of infinite dimension(s). Deterioration rate of items in the two warehouses may be different, which is time dependent and deterioration is in the mean beta distribution form. In this study, shortages and complete backlogging have been considered as the other items, whereby the demand rate of items is linear with time in OW and the same is linear with price in case of RW. Also, the
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Barth, J. E. (Joe). "Optimisation of Wine and Spirit Inventory Assets in Fine Dining Restaurants." In Handbook of Research on Holistic Optimization Techniques in the Hospitality, Tourism, and Travel Industry. IGI Global, 2017. http://dx.doi.org/10.4018/978-1-5225-1054-3.ch017.

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Research on profit optimisation in the travel sector of hospitality industry has been dominated by the development of effective revenue management techniques to help managers in situations where demand is variable, variable costs are low, assets are fixed and perishable. These techniques have been extended to the restaurant sector, with recognition that variable costs are a larger proportion of total costs and not fixed. In fine dining restaurants substantive wine and spirit inventories present operators with the challenge of how to optimise the sales per dollar of inventory. Theoretical found
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Soni, Hardik N., and Ashaba Devrajsinh Chauhan. "Optimal Selling Price and Order Size for Non-Instantaneous Deteriorating Items With Generalized Price and Time-Dependent Demand and Partial Backlogging." In Handbook of Research on Promoting Business Process Improvement Through Inventory Control Techniques. IGI Global, 2018. http://dx.doi.org/10.4018/978-1-5225-3232-3.ch004.

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The problem of determining the optimal selling price and lot size for an inventory system with non-instantaneous deteriorating item is considered in this chapter. In order to provide general framework, the pricing and lot sizing problem is modeled assuming a general price and time dependent demand function. The model allows for backlogging of demand which is characterized by decreasing function of waiting time. As the problem involves revenue and costs, a natural objective function for the model is profit per period. First, the sub problem in which price is fixed is solved to determine the opt
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Ramasamy, Sivasamy, and Wilford B. Molefe. "Markov models related to inventory systems, control charts and forecasting methods." In Markov Model [Working Title]. IntechOpen, 2023. http://dx.doi.org/10.5772/intechopen.1001362.

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A Markov model describes a randomly varying system that satisfies the Markov property. This means that future and past states at any time are independent of the current state. The most commonly used Markov models are Markov chains and higher-order Markov chains. Therefore, three types of Markov models are proposed in this chapter of the book: (i) Supply chain management, (ii) Markov queue waiting time monitoring, and (iii) Markov fuzzy time series forecasting. The introduction introduces the Markov chain (MC) and summarizes the most important aspects of Markov chain analysis. Using the classic
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Conference papers on the topic "Fixed Order Inventory Management Model"

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Allison, Hannah, Peter Sandborn, and Bo Eriksson. "On the Applicability of Analytical Supply Chain Disruption Models for Selecting the Optimum Contingency Strategies for Electronic Supply Chain Disruption Management: A Comparison With Simulation." In ASME 2014 International Design Engineering Technical Conferences and Computers and Information in Engineering Conference. American Society of Mechanical Engineers, 2014. http://dx.doi.org/10.1115/detc2014-34512.

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Due to the nature of the manufacturing and support activities associated with long life cycle products, the parts that products required need to be dependably and consistently available. However, the parts that comprise long lifetime products are susceptible to a variety of supply chain disruptions. In order to minimize the impact of these unavoidable disruptions to production, manufacturers can implement proactive mitigation strategies. Two mitigation strategies in particular have been proven to decrease the penalty costs associated with disruptions: second sourcing and buffering. Second sour
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Wu, Qizhi, Aihua Fang, and He Gao. "A study on inventory cost reduction based on economic order quantity model." In 2010 International Conference on Logistics Systems and Intelligent Management (ICLSIM). IEEE, 2010. http://dx.doi.org/10.1109/iclsim.2010.5461183.

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Cornejo, Paolo, Walter Moreno, Ernesto Aparicio, and Christian Del Carpio. "Inventory Management Model in the Commercial Sector to Reduce Inventory Levels Through the Use of Demand Forecasts and Economic Order Quantity." In IEIM 2021: 2021 The 2nd International Conference on Industrial Engineering and Industrial Management. ACM, 2021. http://dx.doi.org/10.1145/3447432.3447441.

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Montanari,, Roberto, Eleonora Bottani, Andrea Volpi, Federico Solari, and Giorgia Scozzesi. "An economic order interval-based simulation model for perishable products." In the 7th International Food Operations and Processing Simulation Workshop. CAL-TEK srl, 2021. http://dx.doi.org/10.46354/i3m.2021.foodops.002.

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The aim of this paper is to develop a model for reproducing an Economic Order Interval (EOI)-based inventory control model for perishable products. After a description of the model, a simulation approach is developed and used for determining the optimal parameters of the inventory policy, as well as the relationships between them and the numerical values that can minimize the total inventory management cost, thus making the system as efficient as possible. A numerical example, with realistic data, is proposed for showing the application of the model and its effectiveness for the identification
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Naufal, Faiz Kevin, Farel Hylmi Hakim, and Yasmin Aziza Putri. "Analysis of Inventory Control Using Economic Order Quantity Model - A Case Study in PT. Wijaya Agung Hutama." In 1st Indian International Conference on Industrial Engineering and Operations Management. IEOM Society International, 2021. http://dx.doi.org/10.46254/in01.20210122.

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Delgado-Garces, Fabricio Antonio, and Jefferson Wilson Jalire-Machicado. "Lean Service Model Implementation in Fast-Food Restaurants: A Case Study on Reducing Order Cancellations and Improving Inventory Management." In 4th Indian International Conference on Industrial Engineering and Operations Management. IEOM Society International, 2024. https://doi.org/10.46254/in04.20240015.

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Tian, Yu. "Joint Order of Multi-item Inventory Control Model Takes the Operation Center of D Express Enterprise as an Example." In 2014 International Conference on Education Reform and Modern Management (ERMM-14). Atlantis Press, 2014. http://dx.doi.org/10.2991/ermm-14.2014.112.

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Karot, Thanathorn, and Choosak Pornsing. "Just-in-Case Inventory Management under Partial Supply Disruptions." In The 11th Asia Conference on Mechanical and Materials Engineering. Trans Tech Publications Ltd, 2024. http://dx.doi.org/10.4028/p-xkjro1.

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This study develops a mathematical model to optimize the partial delivery components allocation. This is one of a tactic of planning that be needed in a supply disruption situation. The new model considers the secondary supplier as a buffer. The order is triggered as soon as the primary supplier is disrupted. However, the component price is usually higher than buying from the primary supplier. Thus, we must investigate the model’s performance compared to existing allocation schemes. The mathematical model is linear programming and coded in AMPL language. The real-industrial data were excerpted
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Thorstenson, A. "As Simple as Possible but no Simpler-An Inquiry into Approximations for a Re-order Point Inventory Control Model with Gamma-distributed Demand." In 2018 IEEE International Conference on Industrial Engineering and Engineering Management (IEEM). IEEE, 2018. http://dx.doi.org/10.1109/ieem.2018.8607312.

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Esquivel-Alvarez, Diego, Cesar Postigo-Sanchez, Rosa Salas-Castro, and Edgar Ramos-Palomino. "Inventory planning and management model to increase the level of service in a telecommunications product distribution company." In Human Systems Engineering and Design (IHSED 2021) Future Trends and Applications. AHFE International, 2021. http://dx.doi.org/10.54941/ahfe1001190.

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Telecommunications product distribution companies have begun to have a low level of service with their clients due to lack of stock and lost sales, these represent 54.13% of the total problems that distributors have. Invento-ry control plays an important role, since it gives us, in advance, generate an order and the quantity of the product. The objective is to increase the service level of a distribution company, which has the same problems mentioned ini-tially, therefore, inventory management and planning will be implemented focusing on the ABC multicriteria, Forecast in relation to the level
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