Article ID: | iaor20021066 |
Country: | Netherlands |
Volume: | 27 |
Issue: | 4 |
Start Page Number: | 175 |
End Page Number: | 184 |
Publication Date: | Nov 2000 |
Journal: | Operations Research Letters |
Authors: | Papachristos S., Skouri K. |
Keywords: | deteriorating items |
We study a continuous review inventory model over a finite-planning horizon with deterministic varying demand and constant deterioration rate. The model allows for shortages, which are partially backlogged at a rate which varies exponentially with time. For this model an optimal replenishment policy is established.