On an inventory model for deteriorating items with stock dependent and time-varying demand rates

On an inventory model for deteriorating items with stock dependent and time-varying demand rates

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Article ID: iaor20042951
Country: United Kingdom
Volume: 31
Issue: 2
Start Page Number: 223
End Page Number: 240
Publication Date: Feb 2004
Journal: Computers and Operations Research
Authors: ,
Keywords: deteriorating items
Abstract:

In this paper, we present an inventory model for deteriorating items with stock dependent and time-varying demand rates for a finite time planning horizon. We also suggest a procedure for finding the optimal replenishment schedule and show in a rigorous way that the policy suggested is indeed optimal. Further, we present a numerical example and conclude the paper with suggestions for possible future research.

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