Abstract

This study focuses on inventory lot sizing for supplier selection of multiple products; suppliers and periods with storage space constraint. The objective is to develop mathematical model. Lingo software program is used as solution tool. The proposed problem is found as mix integer linear programming (MILP) which beneficial for decision making of choosing optimal supplier and product in right period of time with minimum overall inventory cost.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.