An inventory model with deteriorating items, quantity discount, pricing and time-dependent partial backlogging

An inventory model with deteriorating items, quantity discount, pricing and time-dependent partial backlogging

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Article ID: iaor20032645
Country: Netherlands
Volume: 83
Issue: 3
Start Page Number: 247
End Page Number: 256
Publication Date: Jan 2003
Journal: International Journal of Production Economics
Authors: ,
Keywords: discounts
Abstract:

Wee, in his paper in 1999 presented a deterministic inventory model with the following characteristics. Quantity discount schemes for the unit cost, partial backlogging at a fixed rate, deterioration of stock in time and demand rate being a linear function of the selling price. In this article we generalize the work of Wee. More specifically, we consider a model where the demand rate is a convex decreasing function of the selling price and the backlogging rate is a time-dependent function, which ensures that the rate of backlogged demand increases as the waiting time to the following replenishment point decreases.

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