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- W2360103165 abstract "A buyer faced with order quantity and capacity constraints purchases a product from a supplier.A (R,Q) policy optimization model is developed to minimize the buyer’s total expected cost per unit time between two successive orders.A solution is proposed for the model when the demand is uniformly distributed,and thus sensitivity analysis of the resource constraints,cost parameters and demand characteristics is performed through some numerical examples.This work optimizes integratedly safety stock and order quantity under circumstances of stochastic demand and resource constraints,makes up for the shortcoming of published literatures on (R,Q) policy that they acquiesce in that the optimal total purchase quantity is the expected value of stochastic demand in a certain period and thus calculates the order cost,product cost and shortage cost,and can provide basis for supplier selection in the above-mentioned circumstances." @default.
- W2360103165 created "2016-06-24" @default.
- W2360103165 creator A5075392699 @default.
- W2360103165 date "2011-01-01" @default.
- W2360103165 modified "2023-09-24" @default.
- W2360103165 title "Optimization of (R,Q) policy with capacity and order quantity constraints" @default.
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- W2360103165 hasPublicationYear "2011" @default.
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