• We are available for your help 24/7
  • Email: info@isindexing.com, submission@isindexing.com


Paper Details

INVENTORY MODEL (M. T.) EXPONENTIAL BACKORDER COST RANDOM SUPPLY AND CONSTANT LEAD TIME SERIES 2

DR. Martin Osawaru Omorodion

Journal Title:Global Journal of Engineering Science and Research Management (GJESRM)
Abstract


This paper derives the inventory costs for inventory model (M.T) with exponential backorder cost and random supply and constant-lead times by taking the inventory cost for model (M.T) exponential backorder costs with constant lead times equation (12) of series 1 and averaging the inventory costs over the states of M. the maximum reorder level. The supply is assumed to be a gamma variate and demand during the lead time is still following a normal distribution

Download