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Singha, K., Buddhakulsomsiri, J., & Parthanadee, P. (2018). Optimal Cycle Service Level for Continuous Stocked Items with Limited Storage Capacity. KnE Life Sciences, 4(2), 82-88. https://doi.org/10.18502/kls.v4i2.1659

https://doi.org/10.18502/kls.v4i2.1659

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authors

  • Kanokwan Singha

    Kanokwan Singha

    School of Manufacturing Systems and Mechanical Engineering, Sirindhorn International Institute of Technology, Thammasat University,Pathum Thani 12121
  • Jirachai Buddhakulsomsiri

    Jirachai Buddhakulsomsiri

    School of Manufacturing Systems and Mechanical Engineering, Sirindhorn International Institute of Technology, Thammasat University,Pathum Thani 12121
  • Parthana Parthanadee

    Parthana Parthanadee

    Department of Agro-Industrial Technology, Faculty of Agro-Industry, Kasetsart University, Bangkok 10900

Published Date

  • Mar 1, 2018

Optimal Cycle Service Level for Continuous Stocked Items with Limited Storage Capacity

KnE Life Sciences / The 3rd International Conference on Agro-Industry 2016 “Competitive & Sustainable Agro-Industry" (3rd ICoA 2016) / Pages 82-88

Abstract

This paper involves determining an optimal cycle service level for continuously stocked items that explicitly considers storage space capacity. Inventory management is under a continuous review policy. The total inventory management cost consisting of ordering cost, inventory holding cost, shortage cost, and over-capacity cost. Shortage items are assumed to be backlogged. A numerical example is provided to demonstrate the method.

 

Keywords: Continuous Review; Cycle Service Level; Storage Space Capacity; Over-Capacity Cost

References
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