A Lot-Sizing Model for Non-Instantaneous Deteriorating Products Under Advance Payment and Non-Linear Partial Backlogging
In real life conditions, the buyers sometimes pay all or a percentage of the product price before receiving it, and the wholesaler sometimes allows them to prepay it at equal intervals. The present study develops a new mathematical model for products with non-instantaneous deteriorating rates by con...
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| Veröffentlicht in: | Iranian journal of management studies 2022-01, Vol.15 (1), p.85-110 |
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| container_title | Iranian journal of management studies |
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| creator | Tavassoli, Sara Manavizadeh, Neda Rezaei, Aida Rabbani, Masoud |
| description | In real life conditions, the buyers sometimes pay all or a percentage of the product price before receiving it, and the wholesaler sometimes allows them to prepay it at equal intervals. The present study develops a new mathematical model for products with non-instantaneous deteriorating rates by considering consecutive advance payments. In the proposed inventory model, the shortage is consisting of lost sales along with backorders simultaneously. In addition, the model considers the backlogging as totally dependent on the waiting time for the further cycle. In addition, the appropriate conditions to achieve the optimal solutions have been developed, and numerical instances have been provided to verify and evaluate the results and solution method. The useful methods to effectively reduce the annual total cost are provided according to the results of the sensitivity analysis. |
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| fulltext | fulltext |
| identifier | ISSN: 2008-7055 |
| ispartof | Iranian journal of management studies, 2022-01, Vol.15 (1), p.85-110 |
| issn | 2008-7055 2345-3745 |
| language | eng |
| recordid | cdi_proquest_journals_2623912334 |
| source | EZB-FREE-00999 freely available EZB journals; EBSCOhost Business Source Complete |
| subjects | Credit policy Inventory Inventory control Investigations Mathematical models Order quantity Prepayments Profits Shortages Wholesale industry Wholesalers |
| title | A Lot-Sizing Model for Non-Instantaneous Deteriorating Products Under Advance Payment and Non-Linear Partial Backlogging |
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