Title :
A stochastic requirement EOQ model on two level inventory delivery system
Author :
Li, Hongguang ; Liang, Bin ; Liu, Yile
Author_Institution :
Dept. of Technol. Support Eng., Acad. Of Armored Force Eng., Beijing, China
Abstract :
A two-level inventory supply system is designed with considering the randomness of supply chain mode and consumption rate of military equipment. Each level inventory´s cost construction is analyzed based on Economic Order Quantity (EOQ) model. The optimization of order and delivery period is validated by a real example.
Keywords :
costing; inventory management; military equipment; optimisation; stochastic processes; supply chain management; delivery period; economic order quantity model; level inventory cost construction; military equipment consumption rate; order optimization; stochastic requirement EOQ model; supply chain mode randomness; two level inventory delivery system; two-level inventory supply system; Analytical models; Economics; Inventory control; Mathematical model; Military equipment; Stochastic processes; Supply chains; EOQ; equipment supply; stochastic consume requirement; two level inventory supply system;
Conference_Titel :
Quality, Reliability, Risk, Maintenance, and Safety Engineering (ICQR2MSE), 2012 International Conference on
Conference_Location :
Chengdu
Print_ISBN :
978-1-4673-0786-4
DOI :
10.1109/ICQR2MSE.2012.6246279
