Inventory lot sizing and supplier selection for multiple products, multiple suppliers, multiple periods with storage space using lingo program

Abstract

This study focuses on inventory lot sizing for supplier selection of multiple products; suppliers and periods with storage space constraint. The objective is to develop mathematical model. Lingo software program is used as solution tool. The proposed problem is found as mix integer linear programming (MILP) which beneficial for decision making of choosing optimal supplier and product in right period of time with minimum overall inventory cost.