Academic literature on the topic 'Inventory management model with fixed volume of order'

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Journal articles on the topic "Inventory management model with fixed volume of order"

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Singh, Anil Kumar, Ravish Kumar Yadav, and Sanju Kumar. "A Sustainable And Environmentally Conscious Inventory Model With TPD Demand For Deteriorating Pharmaceutical Products Of Fixed Lifetime." International Journal of Environmental Sciences 11, no. 10s (2025): 689–701. https://doi.org/10.64252/k8aq3862.

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In this paper, an ecologically friendly inventory model was worked out for the pharmacy industry, where the management of stocks is even more difficult in the case of perishable stock and time- and price-variable demand. Normal models can typically do poorly with the dual difficulty of variable demand and decay, resulting in needlessly uncompliant stocking or stingy stockouts of stocks. The presented model brings together the time- and price-determined demand and time-varying deterioration rates and presents an empirical time and volume of orders optimization model. It can manage stocks effect
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Adedugba, Adebayo Tolulope, Olaleke O. Ogunnaike, Kingsley A. Adeyemo, Busola E. Kehinde, and Gbenga Oke. "Inventory Management Sustainability." International Journal of System Dynamics Applications 11, no. 1 (2022): 1–14. http://dx.doi.org/10.4018/ijsda.302630.

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Inventory optimality is an option of energy utilization proportionality that can lessen carbon emanations and maximize profitability. This study proposes an inventory management model in which the stock volume is optimally decided to diminish energy per resource utilized in-other to reduce carbon emanations. This will likewise help in concluding renewal volume optimally. Consequently, the study utilized economic order quantity (EOQ) to decide inventory volumes in-other to decrease carbon emanations so as to augment profits of the inventory chain. Partial least square(PLS) was additionally util
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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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Moeeni, Farhad, Stephen Replogle, Zariff Chaudhury, and Ahmad Syamil. "A Refinement of the Classical Order Point Model." International Journal of Information Systems and Supply Chain Management 5, no. 3 (2012): 43–57. http://dx.doi.org/10.4018/jisscm.2012070103.

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Factors such as demand volume and replenishment lead time that influence production and inventory control systems are random variables. Existing inventory models incorporate the parameters (e.g., mean and standard deviation) of these statistical quantities to formulate inventory policies. In practice, only sample estimates of these parameters are available. The estimates are subject to sampling variation and hence are random variables. Whereas the effect of sampling variability on estimates of parameters are in general well known in statistics literature, literature on inventory control polici
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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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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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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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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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Chovnіuk, Yurii, Aleksey Priymachenko, Olena Mischenko, Oleksandra Cherednichenko, and Liudmyla Zolotar. "IMPROVEMENT OF METHODS FOR ANALYZING AND EVALUATING THE EFFECTIVENESS OF INVENTORY MANAGEMENT IN THE WAREHOUSE." Spatial development, no. 10 (November 29, 2024): 656–77. https://doi.org/10.32347/2786-7269.2024.10.656-677.

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The paper considers the problematics of material resources management - stock on the basis of analyzing the main systems (models) of stock condition control, tak-ing into account the optimal ratio between investment in stocks and the level of cus-tomer service. The object of the study is the systems of stock condition control. The purpose of this research lies in the analysis and general characterization of models and methods of inventory control. The groups of expenses associated with the crea-tion and maintenance of inventories are defined. Factors that affect the choice of in-ventory contro
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Dissertations / Theses on the topic "Inventory management model with fixed volume of order"

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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 "Inventory management model with fixed volume of order"

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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 "Inventory management model with fixed volume of order"

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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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Wang, Pengcheng. "Research on Product Sales Forecasting Model Based on Machine Learning." In Frontiers in Artificial Intelligence and Applications. IOS Press, 2023. http://dx.doi.org/10.3233/faia230929.

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In the cost management of supply chain, inventory management is particularly important. In order to help suppliers better manage inventory and reduce inventory turnover cost, this paper will study the commodity sales forecasting model based on random forest regression algorithm and genetic algorithm in the field of machine learning, so as to dynamically optimize and guide inventory management. First, variance selection method is used for the initial feature selection. Then the data set is trained and predicted using the random forest regression algorithm, and the feature importance is sorted,
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Conference papers on the topic "Inventory management model with fixed volume of order"

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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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Ojovan, Michael I., Natalia V. Ojóvan, Irene V. Startceva, Zoja I. Golubeva, and Alexander S. Barinov. "Modelling of the Waste Form Behaviour in a Wet Near-Surface Repository Site Over Extended Time Periods." In ASME 2001 8th International Conference on Radioactive Waste Management and Environmental Remediation. American Society of Mechanical Engineers, 2001. http://dx.doi.org/10.1115/icem2001-1291.

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Abstract A mathematical model was used to predict radionuclide release from bitumen and glass waste forms over extended time periods. To calculate some model parameters, we used experimental data derived from 12yr field tests with six borosilicate waste glass blocks (each ∼30 kg in weight) and a bitumen block (310 kg), containing real intermediate-level NPP operational waste (NaNO3, 86 wt.% of a dry salt content; 137Cs, 82% of the radioactive inventory). Specific radioactivities of the glass material containing 35 wt.% waste oxides were βtot(90Sr+90Y), 3.74×106 Bq/kg, and αtot(239Pu), 1.3×104B
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Krajc, T., M. Stubna, K. Kravarik, M. Zatkulak, M. Slezak, and V. Remias. "The Mochovce Final Treatment Center for Liquid Radioactive Waste Introduced to Active Trial Operation." In The 11th International Conference on Environmental Remediation and Radioactive Waste Management. ASMEDC, 2007. http://dx.doi.org/10.1115/icem2007-7301.

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The Final Treatment Centre (FTC) for Mochovce Nuclear Power Plant (NPP) have been designed for treatment and final conditioning of radioactive liquid and wet waste produced by named NPP equipped with Russian VVER-440 type of reactors. Treated wastes comprise radioactive concentrates, spent resin and sludge. VUJE Inc. as an experienced company in field of treatment of radioactive waste in Slovakia has been chosen as main contractor for technological part of FTC. During the realisation of project the future operator of Centre required the contractor to solve the treatment of wastes produced in t
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