Study on ordering policy of multi-product in deteriorating items supply chain

Study on ordering policy of multi-product in deteriorating items supply chain

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Article ID: iaor20081781
Country: China
Volume: 26
Issue: 2
Start Page Number: 43
End Page Number: 48
Publication Date: Feb 2006
Journal: Systems Engineering Theory & Practice
Authors: ,
Keywords: inventory: order policies
Abstract:

This paper establishes an inventory model of multi-product in deteriorating items supply chain which a purchaser is the core corporation. By analyzing the properties of the total cost functions under three different ordering policies, it proposes an approximate optimal ordering policy of multi-product. Finally, numerical examples are given to illustrate the theoretical results.

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