An Optimization of (Q,r) Inventory Policy Based on Health Care Apparel Products with Compound Poisson Demands

Addressing the problems of a health care center which produces tailor-made clothes for specific people, the paper proposes a single product continuous review model and establishes an optimal policy for the center based on (Q,r) control policy to minimize expected average cost on an order cycle. A ge...

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Bibliographic Details
Main Authors: An Pan, Chi-Leung Hui, Frency Ng
Format: Article
Language:English
Published: Hindawi Limited 2014-01-01
Series:Mathematical Problems in Engineering
Online Access:http://dx.doi.org/10.1155/2014/986498