TY - JOUR
T1 - Multi-Item Inventory Control with Backlogging
AU - , G. Geetharamani AU - , K. Thangavel AU - , C. Elango
JO - International Journal of Soft Computing
VL - 2
IS - 3
SP - 440
EP - 444
PY - 2007
DA - 2001/08/19
SN - 1816-9503
DO - ijscomp.2007.440.444
UR - https://makhillpublications.co/view-article.php?doi=ijscomp.2007.440.444
KW - Multi-item inventory
KW -non-linear programming
KW -optimization
AB - This study presents a cost optimization model for multi-item inventory system having deterministic demansd. We assume that backlogging is allowed. The maximum capacity of the inventory is assumed to be constant Qi. The total annual variable cost is derived in terms of Qi and it is a non-linear function of Qi. First the deterministic inventory problem is solved using constrained optimization technique. In addition to the above, we assume that the total expenditure and floor space are not precisely measured function. A non-linear programming problem is formulated and solved by Lagrange multiplier method. Numerical examples are provided for deterministic inventory problem to emphasize the results in crisp.
ER -