Life cycle management for style goods inventory

T. Nose, Kenichi Nakashima, H. Ishii

Research output: Contribution to journalArticle

Abstract

In this paper, we discuss the inventory control subject to the lifetime of commodity. There are several factors, i.e., procurement lead time, selling prices, and issuing policies. If the procurement lead time is uncertained, the outdatings of the procured goods increases. If the lifetime of goods in the shelf are different, goods should be classified according to age. Depending on whether FIFO or LIFO issuing policies, the quantity of outdatings are different. And basically, these issuing policies stand upon different view point, i.e., suppliers' side and customers' side. From the above points of view, we construct and analyze the inventory model which considers two kinds of warehouses, i.e., own and rental warehouse.

Original languageEnglish
Pages (from-to)7-12
Number of pages6
JournalProceedings of SPIE - The International Society for Optical Engineering
Volume4193
DOIs
Publication statusPublished - 2001 Jan 1
Externally publishedYes

Fingerprint

Warehouses
Life Cycle
procurement
Life cycle
cycles
Inventory control
Lifetime
inventory controls
commodities
life (durability)
Sales
Inventory Control
Inventory Model
shelves
Customers
Policy
Style

Keywords

  • Limited capacity of warehouse
  • Product lifecycle
  • Style goods inventory

ASJC Scopus subject areas

  • Electronic, Optical and Magnetic Materials
  • Condensed Matter Physics
  • Computer Science Applications
  • Applied Mathematics
  • Electrical and Electronic Engineering

Cite this

Life cycle management for style goods inventory. / Nose, T.; Nakashima, Kenichi; Ishii, H.

In: Proceedings of SPIE - The International Society for Optical Engineering, Vol. 4193, 01.01.2001, p. 7-12.

Research output: Contribution to journalArticle

Nose, T. ; Nakashima, Kenichi ; Ishii, H. / Life cycle management for style goods inventory. In: Proceedings of SPIE - The International Society for Optical Engineering. 2001 ; Vol. 4193. pp. 7-12.
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