International Journal of Soft Computing

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Multi-Item Inventory Control with Backlogging

G. Geetharamani , K. Thangavel and C. Elango
Page: 440-444 | Received 21 Sep 2022, Published online: 21 Sep 2022

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Abstract

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 Q_i. The total annual variable cost is derived in terms of Q_i and it is a non-linear function of Q_i. 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.

How to cite this article:

G. Geetharamani , K. Thangavel and C. Elango . Multi-Item Inventory Control with Backlogging.
DOI: https://doi.org/10.36478/ijscomp.2007.440.444
URL: https://www.makhillpublications.co/view-article/1816-9503/ijscomp.2007.440.444