A note on the inventory models for deteriorating items with ramp type demand rate

A note on the inventory models for deteriorating items with ramp type demand rate

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Article ID: iaor20084276
Country: Netherlands
Volume: 178
Issue: 1
Start Page Number: 112
End Page Number: 120
Publication Date: Apr 2007
Journal: European Journal of Operational Research
Authors: , ,
Keywords: deteriorating items
Abstract:

In this research we study the inventory models for deteriorating items with ramp type demand rate. We first clearly point out some questionable results by Mandal & Pal and Wu & Ouyang. And then we resolve the similar problem by offering a rigorous and efficient method to derive the optimal solution. In addition, we also propose an extended inventory model with ramp type demand rate and its optimal feasible solution to amend the incompleteness in the previous work. Moreover, we also proposed a very good inventory replenishment policy for this kind of inventory model. We believe that our work will provide a solid foundation for the further study of this sort of important inventory models with ramp type demand rate.

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