A Repetitive Forward Rolling Technique for Inventory Policy with Nonlinear Increasing Demand Pattern Considering Shortage

Astanti, Ririn Diar and Luong, Huynh Trung A Repetitive Forward Rolling Technique for Inventory Policy with Nonlinear Increasing Demand Pattern Considering Shortage. In: Jurnal Ilmiah Internasional terindeks SCOPUS, 2014.

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Abstract

Demand of any particular products might not be stable, e.g., in the growth stage of the product life cycle where demand of most products might possess increasing functional form. The famous EOQ model is, then, not appropriate in this situation, since it was developed under the assumption of constant demand pattern. The research in this paper is focused on inventory decision problem with non-linear increasing demand pattern and considering shortage, by proposing a heuristic method based on repetitive forward rolling technique for determining the inventory policy for this case, i.e., the replenishment times and shortage points. The proposed technique is developed in such a way that demands during a predefined planning horizon are exactly met. Numerical experiments that are conducted to illustrate the applicability of the proposed technique show that it can provide competitive results when it is compared with other proposed techniques in the past researches.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: inventory; non-linear demand pattern; increasing demand rate; heuristic; repetitive forward rolling technique
Subjects: Teknik Industri > Sistem Manufacturing
Divisions: Fakultas Teknologi Industri > Teknik Industri
Depositing User: Editor UAJY
Date Deposited: 06 Sep 2016 12:47
Last Modified: 09 Sep 2016 08:22
URI: http://e-journal.uajy.ac.id/id/eprint/10261

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