Reliability consideration costing method for LIFO Inventory model with Chemical Industry Warehouse

Abstract

We propose to subject chemical industry inventory models with reliability requirements for inventories using the LIFO inventory model inventory method and optimize the inventory model with reliability considerations in the chemical industry “supply chain”. We specifically effort on determining the active nature of additional inventories and scarcity levels required for inventory models with reliability in the supply chain of the chemical industry, So that the inventory model with overall chemical industry inventory reliability is minimized for inventory management with environmental costs. The complication of the difficultupsurges when additional products and many agents are included in the chemical industry inventory model with reliability.Here we propose an optimization method that uses the LIFO inventory model along with the reliability evaluation method and to dazed the bottleneck in continuing optimal inventory levels of each member of the chemical industry inventory model with reliability management. Good optimization is one of the algorithms. We apply our method to a member of the chemical industry inventory model with reliability.