On an inventory model with deteriorating items and decreasing time-varying demand and shortages

In this paper we present an optimal procedure for finding the replenishment schedule for an inventory system with shortages, in which items deteriorate at a constant rate and demand rates are decreasing over a known and finite planning horizon. A numerical example is presented to illustrate the proc...

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Veröffentlicht in:	European journal of operational research 1995-10, Vol.86 (2), p.293-299
1. Verfasser:	Benkherouf, Lakdere
Format:	Artikel
Sprache:	eng
Schlagworte:	Algorithms Applied sciences Deteriorating items Exact sciences and technology Inventory control, production control. Distribution Inventory management Inventory systems Mathematical models Operational research and scientific management Operational research. Management science Operations research Optimization Shortages Studies Supply & demand
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Beschreibung
Zusammenfassung:	In this paper we present an optimal procedure for finding the replenishment schedule for an inventory system with shortages, in which items deteriorate at a constant rate and demand rates are decreasing over a known and finite planning horizon. A numerical example is presented to illustrate the procedure.
ISSN:	0377-2217 1872-6860
DOI:	10.1016/0377-2217(94)00101-H