Journal Article
Published
Inventory Optimization Using Consecutive Method and Silver Meal Method for Non-Linear Demand Model: Case Study
Abstract
Inventory is material or good stored to be used to fulfill a specific purpose. Inconstant inventory will
affect the inventory cost and products reorder or replenishment. Replenishment was an attempt by the company
to hold an ordering to suppliers for the purpose of storing inventory. Therefore we need an analysis to determine
the inventory optimization in the form of time and the replenishment quantity so the total inventory cost can be
minimized as possible. Calculations for inventory ptimization with non-linear demand/sales model can use the
consecutive method developed by Wang (2002) and Silver Meal method. The case studies in this study conducted of Malang apples inventory at X Hypermarket. The purposes of this study were to compare the inventory cost of Malang apple at X Hypermarket with the optimization results using the consecutive method and Silver Meal method; determine the quantity and frequency of Malang apple orders at X Hypermarket.
Publication Details
JournalInventory Optimization Using Consecutive Method and Silver Meal Method for Non-Linear Demand Model: Case Study
Volume4 (12)
Pagespp. 28-34
ISSNE-ISSN: 2321-9637
Item ID921
Deposited17 Dec 2020 02:58