Browsing by Author "Beullens, Patrick"

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Batch Ordering Inventory Management Under the Mixed Demand Information: a Case Study
(Konya Technical University, 2020) Alim, Muzaffer; Beullens, Patrick
This study is concerned with analysing the past demand data and development of aninventory model with demand arising from deterministic which is known in advance and random sourcessimultaneously. Two different shortages are created for each demand type and in order to prevent modelto backlog the deterministic demand, very high shortage cost is given for deterministic demand. Thenumerical value of the parameters are obtained from a real case which the inventory system of aninformation and technological organization of a university. The main difference of this study from theprevious studies is that the order amount must be in palette quantity for a deterministic and stochasticdemand inventory problem. Under this constraint, an inventory model is developed and tested withseveral datasets. Assuming lead time as constant, the value of deterministic demand present in the systemand impact of palette constraint are investigated. These investigations are compared with the status quoin the case study. It has seen that the palette quantity behaves as safety stock for high level randomdemand. Recommendations based on the impacts of advance demand information, lead time and palletquantity are presented in terms of changing in ordering costs, holding costs and service level.