50320

JOINT CALCULATION OP REORDER LEVEL AND REP-LENISHMENT ORDER QUANTITIES I4 INVENTORY CONTROL

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Last updated: 04 Jan 2025

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Abstract

For true optimum operation of reorder level policy of invetory control, reorder levels and replenishment order quantities must be calculated jointly. This is because the size of one quantity directly influences the size of the other in the overall reorder level inventory situation - Assuming that demand per unit time is distributed normally and leadtime is constant. From normal distribution table, as approximate relation between percentage probability (F) of stockout and a sefty stock of (k) standard deviation of demand during the leadtime is given. Using this relation in the total cost equation to calculate the stock-out term, we can get a direct value for replenishment order quantity and reorder level quantity which ensure the minimum COST required for optimum policy - An example is given to prove that this method proves the optimum solution rather that the one of separate calculation of the two parameters of this policy .

DOI

10.21608/amme.1984.50320

Authors

First Name

M.

Last Name

ZAKZOUX

MiddleName

E.I.

Affiliation

Associate Professor, Dpt. of Production faculty of Engineering - Helwan University, Cairo, Egypt.

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Volume

2

Article Issue

1st Conference on Applied Mechanical Engineering.

Related Issue

7654

Issue Date

1984-05-01

Receive Date

2019-09-29

Publish Date

1984-05-01

Page Start

143

Page End

146

Print ISSN

2636-4352

Online ISSN

2636-4360

Link

https://amme.journals.ekb.eg/article_50320.html

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https://amme.journals.ekb.eg/service?article_code=50320

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50

Type

Original Article

Type Code

831

Publication Type

Journal

Publication Title

The International Conference on Applied Mechanics and Mechanical Engineering

Publication Link

https://amme.journals.ekb.eg/

MainTitle

JOINT CALCULATION OP REORDER LEVEL AND REP-LENISHMENT ORDER QUANTITIES I4 INVENTORY CONTROL

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Article

Created At

22 Jan 2023