Volume : II, Issue : VII, July - 2013

A Single Period Inventory Model with Discrete and Poisson Demand

Arpita Nimesh Shah

Abstract :

In this paper we investigate inventory models where the demand is discrete and holding cost incurred only for the period during which the inventory items are in the stock. First we consider model with deterministic uniform demand then we also consider a model with Poisson demand. We obtain optimal order quantities for both the models. We give the comparison of these two models with each other and also with classical EOQ model. We also indicate a scenario in which the models proposed in this paper provide better results.

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Article: Download PDF   DOI : 10.36106/ijsr  

Cite This Article:

Arpita Nimesh Shah A Single Period Inventory Model with Discrete and Poisson Demand International Journal of Scientific Research, Vol : 2, Issue : 7 July 2013

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