An inventory model with an inventory-level-dependent demand rate and relaxed terminal conditions

An inventory model with an inventory-level-dependent demand rate and relaxed terminal conditions

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Article ID: iaor19931683
Country: United Kingdom
Volume: 43
Issue: 7
Start Page Number: 721
End Page Number: 724
Publication Date: Jul 1992
Journal: Journal of the Operational Research Society
Authors:
Abstract:

This paper investigates an inventory system with an inventory-level-dependent demand rate followed by a constant demand rate. The analysis previously conducted on this model imposed a terminal condition of zero inventory at the end of the order cycle. This condition is not warranted for systems with inventory-level-dependent demand rates, even for deterministic models. This paper relaxes this restriction, and an appropriate model is developed.

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