%0 Journal Article
%T STATISTICAL PROCESS CONTROL FOR CONSTRAINED PROBABILISTIC MISS SAFETY STOCK INVENTORY SYSTEM WITH CONTINUOUS INCREASING ORDER COST FUNCTION
%A Mona F. El-Wakeel
%J Journal of Global Research in Mathematical Archives
%D 2013
%I Journal of Global Research in Mathematical Archives
%X This paper treated the statistical process control (SPC) for the constrained probabilistic multi- item, single source (MISS) inventory system with varying order cost and instantaneous replenishments of the ordered quantity. The expected maximum inventory level of each item is a function of the expected order quantity and no shortages are to be allowed. A geometric programming approach is used to drive the analytical solution of the optimal number of periods and the optimal expected maximum inventory level . A numerical example is added with R and X bar- charts to confirm that the process is under control.
%U http://www.jgrma.info/index.php/jgrma/article/view/5