Journal of Korean Society of Industrial and Systems Engineering (산업경영시스템학회지)
- Volume 10 Issue 16
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- Pages.129-132
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- 1987
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- 2005-0461(pISSN)
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- 2287-7975(eISSN)
Optimal Solution and Comparison for the Augmented Multi-item Random Orders
복수품목 랜덤 결함주문정책의 최적해와 비교
Abstract
Multi-item inventory problems can be well characterized by the nature of interaction of the quantities and timing. This interaction may be due to the effect of certain combination of orders. It is that the set-up cost of ordering individual items can be saved by jointly ordering at a time. This study finds a decision criteria of optimum inventory policy through the comparisons of individual multi-item order policy(IMP), joint multi-item order policy(JMP), augmented multi-item order policy(AMP) in cost ratio. Subsequently we assume that there exists a unique optimum order level corresponding to an optimum reorder range for the augmented multi-item order, at which a cost saying is maximum.
Keywords