Inventory model based upon order criticality

Kamal Sanguri and Sri Vanamalla Venkataraman

International Journal of Operational Research, 2021, vol. 40, issue 3, 380-409

Abstract: For a typical distribution network, we can segregate the demand at the central demand catering centre as critical if the order is triggered by a direct customer requirement and non-critical if the replenishment order is triggered for routine stocking purpose by the customer touch point. In the traditional model discussed in literature the segregation is based upon the use based criterion, with the objective of keeping the cost of ordering, shortages and inventory at a minimum level. Through this research we propose a modification of the traditional model by incorporating different classes of demand based upon their criticality while maintaining appropriate service levels to them.

Keywords: inventory management; rationing; service level; critical level. (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.inderscience.com/link.php?id=114304 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijores:v:40:y:2021:i:3:p:380-409

Access Statistics for this article

More articles in International Journal of Operational Research from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().