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Rashid, Reza
Hoseini, Seyed Farzad
Gholamian, M. R.
Feizabandi, Mohammad
Year of Publication: 
[Journal:] Journal of Industrial Engineering International [ISSN:] 2251-712X [Volume:] 11 [Year:] 2015 [Pages:] 485-494
This paper presents a mathematical model for an inventory control system in which customers' demands and suppliers' service time are considered as stochastic parameters. The proposed problem is solved through queuing theory for a single item. In this case, transitional probabilities are calculated in steady state. Afterward, the model is extended to the case of multi-item inventory systems. Then, to deal with the complexity of this problem, a new heuristic algorithm is developed. Finally, the presented bi-level inventory-queuing model is implemented as a case study in Electroestil Company.
Production inventory
Queuing theory
Multi-item inventory
Heuristic algorithm
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