Work

Application of queuing theory in production-inventory optimization

Year: 2015

Type: article

Abstract: This paper presents a mathematical model for an inventory control system in which customers’ demands and suppliers’ service time are considered as stochastic parameters. The proposed problem is solved through queuing theory for a single item. In this case, transitional probabilities are calculated in steady state. Afterward, the model is extended to the case of multi-item inventory systems. Then, to deal with the complexity of this problem, a new heuristic algorithm is developed. Finally, the presented bi-level inventory-queuing model is implemented as a case study in Electroestil Company.

Source: Journal of industrial engineering international

DOI: 10.1007/s40092-015-0115-9

Authors: Reza Rashid, Seyed Farzad Hoseini, M. R. Gholamian, Mohammad Feizabadi

Institutions: Iran University of Science and Technology, Sharif University of Technology

Language: English

Topic: Supply Chain and Inventory Management

Subfield: Management Information Systems

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: diamond

OpenAlex ID: W804781284

FWCI: 2.917

Cites: 28

Cited by: 27

Related to: 10