A production lot size inventory model for deteriorating items with time-varying demand

A production lot size inventory model for deteriorating items with time-varying demand

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Article ID: iaor20023557
Country: United States
Volume: 32
Issue: 6
Start Page Number: 745
End Page Number: 751
Publication Date: Jun 2001
Journal: International Journal of Systems Science
Authors: ,
Keywords: deteriorating items
Abstract:

This paper presents a production lot size model for deteriorating items with time-varying demand. The replenishment cycle and deterioration rates are allowed to vary over a finite planning horizon. A solution procedure for this model is developed to provide the optimal replenishment cycle number. Also three numerical examples are solved for different deterioration rates. Finally, a sensitivity analysis is conducted to study the effect of changes in the related parameters on the objective function.

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