Inventory Ordering Control for a Retrial Service Facility System – Semi- MDP
Journal Title: International Journal of Engineering and Science Invention - Year 2018, Vol 7, Issue 6
Abstract
We concentrate on the control of ordering inventory in retrial service facility system with (s, S) ordering policy. The arrival of customers to the system is assumed as Poisson and service times are assumed to follows an exponential distribution. For the given values of maximum inventory, maximum waiting space, reorder level and lead times, we determine the optimal ordering policy at various instants of time. The system is formulated as a Semi-Markov Decision Process and the optimum inventory control policy to be employed is found using linear programming (LPP) method. Numerical examples are provided to illustrate the model.
Authors and Affiliations
S. Krishna kumar, C. Selva kumar, C. Elango
Keywords
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