Phase Wise Supply Chain Model of EOQ with Normal Life Time for Queued Customers: A Computational Approach

Sant Sharan Mishra, Prem Prakash Mishra

Dept. of Mathematics & Statistics (Centre of Excellence on Advanced Computing), Dr.Ram Manohar Lohia Avadh University, Faizabad, UP, India.

DOI: 10.4236/ajor.2012.23036                

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.

Keywords

Supply Chain; Correlation; Normal Life Time; Dynamic Programming

Conflicts of Interest

The authors declare no conflicts of interest.

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