An optimal replenishment policy for deteriorating items with time-varying demand and partial – exponential type – backlogging

An optimal replenishment policy for deteriorating items with time-varying demand and partial – exponential type – backlogging

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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: ,
Keywords: deteriorating items
Abstract:

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.

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