Volume 17, Issue 2 (5-2020)                   2020, 17(2): 27-46 | Back to browse issues page

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Mahmoodi A, Sadeghi H. Developing (1, T) Policy for Two-level Inventory Systems with non-Identical Retailers and Perishable Items. Journal of Operational Research and Its Applications. 2020; 17 (2) :27-46
URL: http://jamlu.liau.ac.ir/article-1-1892-en.html
Department of Industrial Engineering, University of Kurdistan, Sanandaj, Iran
Abstract:   (276 Views)
This paper deals with a two-level inventory system consisting of a central warehouse and an arbitrary number of non-identical retailers with (1, T) ordering policy. It is assumed that the fixed ordering cost at retailers is negligible; however, it has a positive value at central warehouse. Perishable items with fixed shelf life are considered for which the aging begins immediately on their arrival at central warehouse. Although the demand of retailers is random and follows Poisson distribution, demand of the central warehouse could be determined deterministically due to the (1, T) ordering policy of retailers. Therefore, the central warehouse employs a periodic policy with a fixed time period. In this study, the approximated total cost function of the inventory system is derived. Then due to the complexity of the cost function, a metaheuristic algorithm named Differential Evolutionary algorithm, is utilized to find the optimal or near-optimal solutions. Finally, a numerical experiment is carried out to demonstrate the accuracy of the model, which shows that the used approximation works rather well.
Full-Text [PDF 1082 kb]   (59 Downloads)    
Type of Study: Research | Subject: Special
Received: 2019/07/3 | Accepted: 2020/05/2

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