An inventory model with two-component demand rate and shortages

An inventory model with two-component demand rate and shortages

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Article ID: iaor19971242
Country: United Kingdom
Volume: 47
Issue: 8
Start Page Number: 1029
End Page Number: 1036
Publication Date: Aug 1996
Journal: Journal of the Operational Research Society
Authors: , , ,
Abstract:

The article investigates a deterministic inventory system with two-component demand rate. The demand rate is stock-dependent down to a certain level and then constant. Shortages are allowed and are fully backlogged. The storage space is assumed to be limited. A flowchart is provided to solve a general system. To study the effects of changes in the system parameters on the average net profit a sensitivity analysis has been performed.

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