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Inventory models for multi items stock-dependent demand and stock-dependent holding rate with capacity constraint

  • I. Gede Agus Widyadana*
  • , Tanti Octavia
  • , Andreas Handojo
  • , Eduardo Hendrianta
  • *Corresponding author for this work
  • Petra Christian University

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

1 Citation (Scopus)

Abstract

Inventory models for stock-dependent demand have been developed continuously in recent years. In this paper, we develop inventory dependent model for multi-items by considering stock-dependent demand and stock-dependent holding rate for a rack that has a specific capacity. Two models are developed. The first model is an individual order quantity for each item and the second model is a joint replenishment model. The non-linear model with constraint is solved using an evolutionary algorithm. A numerical example and sensitivity analysis are conducted to show how the models work and to get some management insights. The sensitivity analysis shows that there is no dominant model.

Original languageEnglish
Title of host publicationAIP Conference Proceedings
EditorsDidik Wahjudi, Hariyo P.S. Pratomo, Oegik Soegihardjo, Teng Sutrisno, Siana Halim, I. Nyoman Sutapa, Iwan Halim Sahputra
PublisherAmerican Institute of Physics Inc.
Edition1
ISBN (Electronic)9780735442023
DOIs
Publication statusPublished - 18 Jan 2024
Externally publishedYes
Event2nd International Conference on Automotive, Manufacturing, and Mechanical Engineering, IC-AMME 2021 - Virtual, Online, Indonesia
Duration: 2 Oct 2021 → …

Publication series

NameAIP Conference Proceedings
Number1
Volume2951
ISSN (Print)0094-243X
ISSN (Electronic)1551-7616

Conference

Conference2nd International Conference on Automotive, Manufacturing, and Mechanical Engineering, IC-AMME 2021
Country/TerritoryIndonesia
CityVirtual, Online
Period2/10/21 → …

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