SINGLE PERIOD INVENTORY MODEL WITH STOCHASTIC DEMAND AND PARTIAL BACKLOGGING

ABSTRACT In this present scenario of world economy both the factors like salvage and stock-out situations are equally important. Continuous sources of uncertainty (stochastic demand), has a different impact on optimal inventory settings and prevents optimal solutions from being found in closed form. In this paper an approximate closed-form solution is developed using a single stochastic period of demand. Assorted level of demand is viewed in form of a special class of inventory evolution known as finite inventory process. Here the Inventory process is reviewed in form of three cases. This paper involves the study of optimality of the expected cost using the SCBZ property. Shortage cost is kept in view, in order to meet the customer demand. Finally this paper aims to show the optimal solution for three cases of finite inventory model in which the demand is varied according to the SCBZ property. Appropriate Numerical illustrations provide a justification for its unique existence

SINGLE PERIOD INVENTORY MODEL WITH STOCHASTIC DEMAND AND PARTIAL BACKLOGGING

ABSTRACT In this present scenario of world economy both the factors like salvage and stock-out situations are equally important. Continuous sources of uncertainty (stochastic demand), has a different impact on optimal inventory settings and prevents optimal solutions from being found in closed form. In this paper an approximate closed-form solution is developed using a single stochastic period of demand. Assorted level of demand is viewed in form of a special class of inventory evolution known as finite inventory process. Here the Inventory process is reviewed in form of three cases. This paper involves the study of optimality of the expected cost using the SCBZ property. Shortage cost is kept in view, in order to meet the customer demand. Finally this paper aims to show the optimal solution for three cases of finite inventory model in which the demand is varied according to the SCBZ property. Appropriate Numerical illustrations provide a justification for its unique existence

Origin of the Spin-Orbital Liquid State in a Nearly J=0 Iridate Ba3ZnIr2O9

We show using detailed magnetic and thermodynamic studies and theoretical calculations that the ground state of Ba3ZnIr2O9 is a realization of a novel spin-orbital liquid state. Our results reveal that Ba3ZnIr2O9 with Ir5+ (5d(4)) ions and strong spin-orbit coupling (SOC) arrives very close to the elusive J = 0 state but each Ir ion still possesses a weak moment. Ab initio density functional calculations indicate that this moment is developed due to superexchange, mediated by a strong intradimer hopping mechanism. While the Ir spins within the structural Ir2O9 dimer are expected to form a spin-orbit singlet state (SOS) with no resultant moment, substantial frustration arising from interdimer exchange interactions induce quantum fluctuations in these possible SOS states favoring a spin-orbital liquid phase down to at least 100 mK

Higher Education in India: Strategies and Schemes during Eleventh Plan Period (2007-2012) for Universities and Colleges

The UGC has contributed in a number of ways in developing policies and to devise the schemes and to transform them into an action plan for implementation. The UGC also took several new initiatives for reforming higher education, many of the which were of a fundamental nature.higher education, India, education, University Grants Commission, UGC, colleges, universities