Inventory Management with Uncertain Demands Based on Probability Methods

Abstract:

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The inventory management problem with uncertain demands is considered in this paper. the possibility theory and credibility theory are employed to solve the problem regarding uncertain demands, and different order strategies and storage strategies according to the different customer’s demand are designed for rational inventory management. Finally, a rule is designed for choosing the storage strategy.

Info:

Periodical:

Edited by:

Dongye Sun, Wen-Pei Sung and Ran Chen

Pages:

2064-2066

DOI:

10.4028/www.scientific.net/AMM.121-126.2064

Citation:

N. W. Liang "Inventory Management with Uncertain Demands Based on Probability Methods", Applied Mechanics and Materials, Vols. 121-126, pp. 2064-2066, 2012

Online since:

October 2011

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$35.00

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