Artikel

Application of queuing theory in production-inventory optimization

This paper presents a mathematical model for an inventory control system in which customers' demands and suppliers' service time are considered as stochastic parameters. The proposed problem is solved through queuing theory for a single item. In this case, transitional probabilities are calculated in steady state. Afterward, the model is extended to the case of multi-item inventory systems. Then, to deal with the complexity of this problem, a new heuristic algorithm is developed. Finally, the presented bi-level inventory-queuing model is implemented as a case study in Electroestil Company.

Language: Englisch

Bibliographic citation: Journal: Journal of Industrial Engineering International ; ISSN: 2251-712X ; Volume: 11 ; Year: 2015 ; Pages: 485-494 ; Heidelberg: Springer

Classification: Management

Subject: Production inventory
Queuing theory
Multi-item inventory
Heuristic algorithm

Event: Geistige Schöpfung

(who): Rashid, Reza
Hoseini, Seyed Farzad
Gholamian, M. R.
Feizabandi, Mohammad

Event: Veröffentlichung

(who): Springer

(where): Heidelberg

(when): 2015

DOI: doi:10.1007/s40092-015-0115-9

Handle: http://hdl.handle.net/10419/157459

Last update: 10.03.2025, 11:42 AM CET

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Artikel

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Rashid, Reza
Hoseini, Seyed Farzad
Gholamian, M. R.
Feizabandi, Mohammad
Springer

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2015

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Application of queuing theory in production-inventory optimization

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Other Objects (12)

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