Time varying increasing demand inventory model for deteriorating items

Time varying increasing demand inventory model for deteriorating items

0.00 Avg rating0 Votes
Article ID: iaor2006713
Country: Cuba
Volume: 26
Issue: 1
Start Page Number: 3
End Page Number: 9
Publication Date: Jan 2005
Journal: Revista de Investigacin Operacional
Authors: ,
Keywords: deteriorating items
Abstract:

An inventory model for deteriorating items is considered in which demand increases with respect to time, deterioration rate, inventory holding cost and ordering cost are all continuous functions of time. Shortages are completely backlogged. The planning horizon is finite. The optimal replenishment policy and decision rule, which minimizes the total cost, is developed. A numerical example is given to illustrate the derived model. Sensitivity analysis is presented for the model.

Reviews

Required fields are marked *. Your email address will not be published.