Inventory model based upon order criticality
by Kamal Sanguri; Sri Vanamalla Venkataraman
International Journal of Operational Research (IJOR), Vol. 40, No. 3, 2021

Abstract: For a typical distribution network, we can segregate the demand at the central demand catering centre as critical if the order is triggered by a direct customer requirement and non-critical if the replenishment order is triggered for routine stocking purpose by the customer touch point. In the traditional model discussed in literature the segregation is based upon the use based criterion, with the objective of keeping the cost of ordering, shortages and inventory at a minimum level. Through this research we propose a modification of the traditional model by incorporating different classes of demand based upon their criticality while maintaining appropriate service levels to them.

Online publication date: Fri, 16-Apr-2021

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