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- W2768654489 abstract "Based on the real-world inventory control problem of a capacitated healthcare apparel service centre in Hong Kong which provides tailor-made apparel-making services for the elderly and disabled people, this paper studies a partial backordered continuous review inventory control problem in which the product demand follows a Poisson process with a constant lead time. The system is controlled by an ( Q , r ) inventory policy which incorporate the stockout risk, storage capacity, and partial backlog. The healthcare apparel service centre, under the capacity constraint, aims to minimize the inventory cost and achieving a low stockout risk. To address this challenge, an optimization problem is constructed. A real case-based data analysis is conducted, and the result shows that the expected total cost on an order cycle is reduced substantially at around 20% with our proposed optimal inventory control policy. An extensive sensitivity analysis is conducted to generate additional insights." @default.
- W2768654489 created "2017-12-04" @default.
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- W2768654489 date "2017-01-01" @default.
- W2768654489 modified "2023-09-23" @default.
- W2768654489 title "Inventory Control System for a Healthcare Apparel Service Centre with Stockout Risk: A Case Analysis" @default.
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- W2768654489 doi "https://doi.org/10.1155/2017/9210532" @default.
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