| Article ID: | iaor20116340 |
| Volume: | 54 |
| Issue: | 5-6 |
| Start Page Number: | 1569 |
| End Page Number: | 1575 |
| Publication Date: | Sep 2011 |
| Journal: | Mathematical and Computer Modelling |
| Authors: | Crdenas-Barrn Leopoldo Eduardo, Wee Hui Ming, Widyadana Gede Agus |
| Keywords: | deteriorating items |
In this study, a deteriorating inventory problem with and without backorders is developed. From the literature search, this study is one of the first attempts by researchers to solve a deteriorating inventory problem with a simplified approach. The optimal solutions are compared with the classical methods for solving deteriorating inventory model. The total cost of the simplified model is almost identical to the original model.