Inventory models with ramp type demand rate, time dependent deterioration rate, unit production cost and shortages

Inventory models with ramp type demand rate, time dependent deterioration rate, unit production cost and shortages

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Article ID: iaor201111685
Volume: 191
Issue: 1
Start Page Number: 73
End Page Number: 95
Publication Date: Nov 2011
Journal: Annals of Operations Research
Authors: , , ,
Keywords: inventory: storage, manufacturing industries, demand, programming: linear, production
Abstract:

Manna and Chaudhuri (2006) presented a production-inventory system for deteriorating items with demand rate being a linearly ramp type function of time and production rate being proportional to the demand rate. The two models without shortages and with shortages were discussed. Both models were studied assuming that the time point at which the demand is stabilized occurs before the production stopping time. In this paper, we complete this model by considering that: (a) for the model with no shortages; the demand rate is stabilized after the production stopping time and (b) for the model with shortages; the demand rate is stabilized after the production stopping time or after the time when the inventory level reaches zero or after the production restarting time. In addition, we extend the work of Manna and Chaudhuri assuming a general function of time for the variable part of the demand rate.

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