TITLE:
Phase Wise Supply Chain Model of EOQ with Normal Life Time for Queued Customers: A Computational Approach
AUTHORS:
Sant Sharan Mishra, Prem Prakash Mishra
KEYWORDS:
Supply Chain; Correlation; Normal Life Time; Dynamic Programming
JOURNAL NAME:
American Journal of Operations Research,
Vol.2 No.3,
September
19,
2012
ABSTRACT: In this paper, we mainly aim to compute the optimal inventory in the phase wise supply chain for queued customers in the interval of lower and upper bounds with particular life of the items. Important performance measures such as total optimal cost of the system and total expected delivery have also been computed by applying the dynamic programming and Drichlet theorem. Finally, numerical demonstration and sensitivity analysis have also been presented to gain the better perspective of the model.