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Guide(s): Dr. P.S SEHIK UDUMAN
Upload Date: 28-Apr-2014
University: B S Abdur Rahman University
Completed Date: 16/04/2014
Abstract: The thesis presents the studies on single-period and multi-period demand models. Here keeping a stock of goods, manpower etc., is necessary to meet the fluctuating demand and both the factors like salvage and stock-out situations are equally important. Hence, depending upon the problems that arise, suitable stochastic inventory models are analysed. newline In Single-period demand model, finite inventory process models such as Newsboy and Base-Stock models are studied. The contribution of this thesis involves a study on the single-period demand model such as the Newsboy model using the SCBZ property, truncated exponential distribution and renewal reward theory. Truncated exponential distribution being the appropriate distribution for the study of change point, hence this distribution is analysed in case of base stock for patient customer. After analysing the patient customer model, the discussion on impatient customer is carried out and hence the model of impatience customer is discussed in form of queuing model which is then extended to the continuous case. Also, the optimal stock size is obtained along with the appropriate numerical illustrations. newlineMulti-period demand models are studied using truncated exponential distribution and using the renewal theory with Nth epoch demand approach. Also, the generalised gamma distribution with Bessel function and exponential order statistics is analysed for its stochastic behaviour. The overall objective of this study is to derive the optimal stock level or the optimal reorder level. Obtaining the optimal expected cost is very important, since it is cost effective. Hence, the optimal expected cost is derived along with the appropriate numerical illustrations. newline newline
Appears in Departments:Department of Mathematics

Files in This Item:
File Description SizeFormat 
11. chapter 1-introduction.docxAttached File149.2 kBMicrosoft Word XMLView/Open
12.chapter 2-literature.docx73.05 kBMicrosoft Word XMLView/Open
13. chapter 3.docx372.27 kBMicrosoft Word XMLView/Open
14.chapter 4.docx82.62 kBMicrosoft Word XMLView/Open
15.chapter 5.docx156.26 kBMicrosoft Word XMLView/Open
16.chapter 6.docx58.59 kBMicrosoft Word XMLView/Open
17.chapter 7.docx266.85 kBMicrosoft Word XMLView/Open
18.conclusion.docx25.46 kBMicrosoft Word XMLView/Open
19.references.docx36.94 kBMicrosoft Word XMLView/Open
20.techinical biblography.docx34.94 kBMicrosoft Word XMLView/Open
7.content sample.docx30.06 kBMicrosoft Word XMLView/Open

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