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Exact(5)
In other words, retailer will minimize the inventory cycle time to take advantage of longer credit period.
In other words, the retailer will minimize the inventory cycle time to take advantage of longer credit period.
Mishra and Shing (2011) have described an inventory model to minimize the inventory cost, where the model takes into account time-dependent demand, holding cost and deterioration.
The optimization objectives are generally set to minimize the inventory cost, or minimize buffer sizes and time of material waiting prior to being further processed (Tserng et al. 2006; Walsh et al. 2004; Xu et al. 2016).
The objective of the first stage is to minimize the inventory cost measured by the sum of completion time, and that of the second stage is to minimize the tardiness cost and the resequencing cost in the buffer.
Similar(55)
In these settings, traditional manufacturing system engineering methods and token-based production control policies loose effectiveness as they aim at achieving target production rates while minimizing the inventory, without directly taking into account the effect on the lead time distribution.
The proposed model of the problem minimizes the inventory and shortage costs, production costs, fixed cost of the transportation vehicles of each plant at each period, costs of locating centers with a certain level of capacity, operational costs at centers at each period, and the sum of maximum time at each period.
These models are very useful for the managers to minimize the total inventory cost, the response time to the requirements of their customers and maximize the sales.
The problem is formulated and a solution procedure is developed to determine the optimal ordering quantities that minimize the total inventory cost.
The objective of this work is to minimize the total inventory cost and to find the optimal length of replenishment and the optimal order quantity.
On the contrary, RTL recycling is a "must" requirement for the Z-pinch concept in order to minimize the RTL inventory and enhance the economics.
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