Analysis of inventory level under procurement constraints in supply chain

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This article has been updated. A Correction to this article was published on .

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The Original Article was published on

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The Original Article was published on

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This article has been updated

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This article was retracted on

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Abstract

Because the inventory is one of the major factors that affect the performance of the supply chain system, efficient reduction of an inventory can effectively reduce the cost level of the total supply chain. Therefore, inventory management is an important means to optimize the operation of a supply chain and enhance the competitive advantage. Considering the (s, S) policy in an inventory management, this paper establishes a model of the inventory level. Then, the change of the inventory level with and without the procurement constraints is analyzed, and their expectation and variance calculated. Consequently, the order point can be determined accurately to reduce the inventory level and the operation risk.

Keywords

supply chain, inventory management, (s, S) strategy

CHANGE HISTORY

A Correction to this paper has been published:
https://doi.org

The Retraction Note was updated to reflect reception of statements of disagreement from all authors.

This article has been retracted.Please see the Retraction Notice for more detail:
https://doi.org