African Journal of
Mathematics and Computer Science Research

  • Abbreviation: Afr. J. Math. Comput. Sci. Res.
  • Language: English
  • ISSN: 2006-9731
  • DOI: 10.5897/AJMCSR
  • Start Year: 2008
  • Published Articles: 245

Full Length Research Paper

Fixed lifetime inventory system with double order under useful lifetime based model

Izevbizua O.
  • Izevbizua O.
  • Department of Mathematics, Faculty of Physical Sciences, Benin City University of Benin, Coscharis Technologies Limited, Lagos, Nigeria
  • Google Scholar
Mukoro E. S.
  • Mukoro E. S.
  • Department of Mathematics, Faculty of Physical Sciences, Benin City University of Benin, Coscharis Technologies Limited, Lagos, Nigeria
  • Google Scholar


  •  Received: 02 July 2019
  •  Accepted: 30 October 2019
  •  Published: 31 January 2020

Abstract

The problem of outdating in the fixed lifetime inventory system has been the focus of researchers in the last decade. Results show that while outdating is being minimized, shortages have become a problem. To eliminate or reduce shortages in the fixed lifetime inventory system, we propose a model where, there are two orders, one period apart in arriving into the inventory system. The second order is designed to satisfy any demand that cannot be satisfied by the first order.

Key words: Outdating, shortages, fixed lifetime, order, inventory system.