Title :
Infinitesimal Dividing Method: Solving Dual Suppliers Inventory Model with Random Lead Times
Author :
Ji, Peng-cheng ; Song, Shi-ji ; Wu, Cheng
Author_Institution :
Tsinghua Univ., Beijing
Abstract :
This paper devotes to the real-time statistic of the inventory quantities, and the infinitesimal dividing method is firstly presented to build the exact (Q,r) inventory model with random lead time. Then this model is extended to the case of dual suppliers procurement. The complexity of the modeling procedure is effectively reduced.
Keywords :
inventory management; procurement; statistics; dual suppliers inventory model; dual suppliers procurement; infinitesimal dividing method; random lead times; real-time statistics; Automation; Costs; Cybernetics; Electronic mail; Machine learning; Procurement; Random variables; Safety; Statistics; Uncertainty; Dual suppliers; Infinitesimal dividing method; Inventory model; Random lead time;
Conference_Titel :
Machine Learning and Cybernetics, 2007 International Conference on
Conference_Location :
Hong Kong
Print_ISBN :
978-1-4244-0973-0
Electronic_ISBN :
978-1-4244-0973-0
DOI :
10.1109/ICMLC.2007.4370561
