Models of integrated inventory system with stock-dependent demand / Hafizah Zulkipli
This study is proposing two integrated inventory models by considering stockdependent demand. We presented a mathematical model where a vendor procures raw material in single/multiple instalment(s), processes them to make finished products, ships to single/multiple buyer(s) at single/multiple shipme...
| Main Author: | |
|---|---|
| Format: | Thesis |
| Published: |
2013
|
| Subjects: | |
| Online Access: | http://studentsrepo.um.edu.my/4157/ http://studentsrepo.um.edu.my/4157/1/thesis.pdf |
| _version_ | 1848772577098465280 |
|---|---|
| author | Zulkipli, Hafizah |
| author_facet | Zulkipli, Hafizah |
| author_sort | Zulkipli, Hafizah |
| building | UM Research Repository |
| collection | Online Access |
| description | This study is proposing two integrated inventory models by considering stockdependent demand. We presented a mathematical model where a vendor procures raw material in single/multiple instalment(s), processes them to make finished products, ships to single/multiple buyer(s) at single/multiple shipment(s) and stores them at the warehouse before presents at the display area with single/
multiple transfer(s). The first model operates with a single-vendor and a single-buyer by considering different shipment policies. Two types of shipment policies were considered in the first model: geometric shipment and geometricthen-equal shipment sizes. The optimum joint profits were obtained by using Wolfram Mathematica Version 7. Numerical examples were then presented for
discussion. A numerical sensitivity analysis was conducted to investigate the reaction of the optimal total profit to the changes in the parameters value. The
second model operates with a single-vendor and multiple buyers by considering equal shipment sizes. The total optimum profit and solution procedures were obtained by using Microsoft Excel Premium Solver Version 12.5 which can solve non-linear optimization problems. This procedure was used to analyze some numerical examples in order to examine the model's sensitivity to parameter changes as well. |
| first_indexed | 2025-11-14T13:28:43Z |
| format | Thesis |
| id | um-4157 |
| institution | University Malaya |
| institution_category | Local University |
| last_indexed | 2025-11-14T13:28:43Z |
| publishDate | 2013 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | um-41572014-09-30T04:46:13Z Models of integrated inventory system with stock-dependent demand / Hafizah Zulkipli Zulkipli, Hafizah Q Science (General) QA Mathematics This study is proposing two integrated inventory models by considering stockdependent demand. We presented a mathematical model where a vendor procures raw material in single/multiple instalment(s), processes them to make finished products, ships to single/multiple buyer(s) at single/multiple shipment(s) and stores them at the warehouse before presents at the display area with single/ multiple transfer(s). The first model operates with a single-vendor and a single-buyer by considering different shipment policies. Two types of shipment policies were considered in the first model: geometric shipment and geometricthen-equal shipment sizes. The optimum joint profits were obtained by using Wolfram Mathematica Version 7. Numerical examples were then presented for discussion. A numerical sensitivity analysis was conducted to investigate the reaction of the optimal total profit to the changes in the parameters value. The second model operates with a single-vendor and multiple buyers by considering equal shipment sizes. The total optimum profit and solution procedures were obtained by using Microsoft Excel Premium Solver Version 12.5 which can solve non-linear optimization problems. This procedure was used to analyze some numerical examples in order to examine the model's sensitivity to parameter changes as well. 2013 Thesis NonPeerReviewed application/pdf http://studentsrepo.um.edu.my/4157/1/thesis.pdf Zulkipli, Hafizah (2013) Models of integrated inventory system with stock-dependent demand / Hafizah Zulkipli. Masters thesis, University of Malaya. http://studentsrepo.um.edu.my/4157/ |
| spellingShingle | Q Science (General) QA Mathematics Zulkipli, Hafizah Models of integrated inventory system with stock-dependent demand / Hafizah Zulkipli |
| title | Models of integrated inventory system with stock-dependent demand / Hafizah Zulkipli |
| title_full | Models of integrated inventory system with stock-dependent demand / Hafizah Zulkipli |
| title_fullStr | Models of integrated inventory system with stock-dependent demand / Hafizah Zulkipli |
| title_full_unstemmed | Models of integrated inventory system with stock-dependent demand / Hafizah Zulkipli |
| title_short | Models of integrated inventory system with stock-dependent demand / Hafizah Zulkipli |
| title_sort | models of integrated inventory system with stock-dependent demand / hafizah zulkipli |
| topic | Q Science (General) QA Mathematics |
| url | http://studentsrepo.um.edu.my/4157/ http://studentsrepo.um.edu.my/4157/1/thesis.pdf |