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138901

Probabilistic Mixture Shortage Multi-Source Inventory Model with Varying Holding Cost Under Constraint

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Last updated: 23 Jan 2023

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Abstract

This paper proposed a general probabilistic continuous review multi-item, multi-source inventory model with constraint for crisp and fuzzy environment. This constraint on the expected varying holding cost. The demand is a continuous random variable, the distribution of the lead time demand is known and the holding cost is varying. This model is formulated to analyze how the firm can deduce the optimal order quantity and the optimal reorder point for the item and source to reach the main goal of minimizing the expected total cost using a Lagrange multiplier technique. The lead time demand is follow some continuous distributions. Also, an application with real data is analyzed and the goal of minimization the expected total cost is achieved.

DOI

10.21608/djs.2018.138901

Keywords

Probabilistic inventory model, Mixture shortage, Lagrange multiplier approach, Varying holding cost, Trapezoidal fuzzy number and Continuous distributions

Authors

First Name

Hala A.

Last Name

Fergany

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Affiliation

Mathematics Department, Faculty of Science, Tanta University, Tanta 31527, Egypt.

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First Name

Magda A.

Last Name

Gomaa

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Affiliation

Mathematics Department, Faculty of Science, Tanta University, Tanta 31527, Egypt.

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Volume

39

Article Issue

1

Related Issue

20592

Issue Date

2018-06-01

Receive Date

2018-02-01

Publish Date

2018-06-01

Page Start

9

Page End

17

Print ISSN

1012-5965

Online ISSN

2735-5306

Link

https://djs.journals.ekb.eg/article_138901.html

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https://djs.journals.ekb.eg/service?article_code=138901

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2

Type

Research and Reference

Type Code

1,686

Publication Type

Journal

Publication Title

Delta Journal of Science

Publication Link

https://djs.journals.ekb.eg/

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Article

Created At

23 Jan 2023