Metris: Jurnal Sains dan Teknologi
Vol. 15 No. 01 (2014): 2014

Lost Sales Inventory Model in Finite Planning Horizon

Gunawan Mangkuharjo (Unknown)
Y. Agustina H (Unknown)
Hui-Ming Wee (Unknown)

Article Info

Publish Date
01 Jun 2014

Abstract

This study extends a previous Economic Order Quantity (EOQ) model to include lost sales inventory and afinite planning horizon model. An exact algorithm is developed for finite planning horizon lost salesinventory condition. A practical approach is proposed to derive the optimal solution. The algorithm with lostsales inventory and finite planning horizon method improves the total cost of the inventory policy. Ouranalysis shows that the minimum total cost of the finite planning horizon method is always greater or equalto the infinite planning horizon method.

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Journal Info
Metris: Jurnal Sains dan Teknologi
Website

Abbrev

metris

Publisher

Universitas Katolik Indonesia Atma Jaya

Subject

Decision Sciences, Operations Research & Management Education Engineering Industrial & Manufacturing Engineering

Description

Jurnal Metris is published 2 (twice) a year. Since Volume 14 in 2013, Jurnal Metris has been published in June and December. The contents of the journal discuss research results in the field of industrial engineering. Jurnal Metris provides a place of publishing for sharing the new findings from ...