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: | Wang T.Y., Chen L.H. |
Keywords: | deteriorating items |
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.