%0 Journal Article
%T Application of queuing theory in production-inventory optimization
%J Journal of Industrial Engineering, International
%I Islamic Azad University, South Tehran Branch
%Z 1735-5702
%A Rashid, Reza
%A Hoseini, Seyed Farzad
%A Gholamian, M. R.
%A Feizabadi, Mohammad
%D 2015
%\ 12/01/2015
%V 11
%N 4
%P -
%! Application of queuing theory in production-inventory optimization
%K Production inventory . Queuing theory . Multi
%K item inventory . Heuristic algorithm
%R
%X This paper presents a mathematical model for an inventory control system in which customersâ€™ demands and suppliersâ€™ service time are considered as stochastic parameters. The proposed problem is solved through queuing theory for a single item. In this case, transitional probabilities are calculated in steady state. Afterward, the model is extended to the case of multi-item inventory systems. Then, to deal with the complexity of this problem, a new heuristic algorithm is developed. Finally, the presented bi-level inventory-queuing model is implemented as a case study in Electroestil Company.
%U http://jiei.azad.ac.ir/article_676528_cf10a2c1e0b0857c6830aa8875cd6e87.pdf