Jurnal Fourier
Vol. 10 No. 2 (2021)

Probabilistic Inventory Model Using All Unit Discount Factor and Inflation

Mohammad Soleh (Universitas Islam Negeri Sultan Syarif Kasim Riau)
Arinal Haque (Universitas Islam Negeri Sultan Syarif Kasim Riau)
Yuslenita Muda (Universitas Islam Negeri Sultan Syarif Kasim Riau)

Article Info

Publish Date
31 Oct 2021

Abstract

Inflation causes the price per unit of goods to rise in the future. To offset inflation, companies can take advantage of discounts provided by suppliers. But ordering goods must be adjusted according to demand to avoid storage costs. This study describes a probabilistic supply model with demand at a time with a Gamma distribution and waiting for the discount and inflation factors. Backorder conditions in this model is assumed. The research produces a probabilistic inventory model and an algorithm to obtain the optimal number of orders and optimal ordering times for items that are all discounted and inflated with Gamma distribution demand.

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Journal Info
Jurnal Fourier
Website

Abbrev

FOURIER

Publisher

Universitas Islam Negeri Sunan Kalijaga Yogyakarta

Subject

Computer Science & IT Economics, Econometrics & Finance Education Mathematics

Description

FOURIER adalah Jurnal Ilmiah bidang yang memadukan dan mengembangkan ilmu Matematika dan pembelajarannya yang diintegrasikan dan interkoneksikan dengan nilai-nilai keislaman terbit sejak tahun 2012 dengan frekuensi terbit 2 kali dalam setahun yang dengan bahasa utama (Bahasa Indonesia dan Bahasa ...