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College of Computer Science and Engineering
Systems Engineering Department
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Presents a Seminar on
An Inventory Model for Growing Items with Quality Inspections and Permissible Shortages
Date: Wednesday, 18th Nov, 2020
Time: 2:00 pm – 3:00 pm
Location: MS Teams, Click here to Join
Speaker:
Abdul Rahman H. Afzal
Graduate Student in Systems Engineering Department
King Fahd University of Petroleum and Minerals
Abstract:
This work extends inventory models for growing items by considering quality inspections, permissible shortages with complete back-ordering, and holding cost during both the growth and consumption periods. By back-ordering shortages, the firm can avoid sales loss by paying delay penalties to customers who wait for late items. After items reach a certain weight preferred by the customers, they are fully inspected, and inferior-quality items are removed at the end of the inspection period. The model determines the optimum cycle length and shortage level to minimize the total cost of the inventory system. This cost includes purchasing, setup, inspection, feeding, holding, and shortage costs. A nonlinear programming model is formulated, and an optimum solution algorithm is presented
Speaker Bio:
Abdul Rehman Afzal is currently pursuing his master's degree from the Systems Engineering Department at King Fahd University of Petroleum & Minerals (KFUPM), Saudi Arabia. He obtained a BS in Industrial & Systems Engineering from KFUPM in June 2019. His research focus is on inventory control systems, production & operations management, and supply chain management
All faculty, researchers and graduate students are invited to attend.
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Systems Engineering Department, College of Computer Sciences and Engineering
Telephone: +966 (13) 860 2988, Email: c-se@kfupm.edu.sa, Website: www.kfupm.edu.sa/departments/se/
Copyright © 2014 King Fahd University of Petroleum & Minerals
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