A Heuristic for Replenishment of Deteriorating Items with a Linear Trend in Demand

Chung, Kun‐Jen; Ting, Pin‐Shou

doi:10.1057/jors.1993.202

Cited by 97 publications

(27 citation statements)

References 9 publications

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“…Mahata (2012) established an EOQ model for deteriorating item under retailer partial trade credit policy. Many researchers like Hariga and Benkherouf (1994), Sachan (1984), Raafat et al (1991), Chung and Ting (1993), Tripathi (2014), Tripathi and Kumar (2014) have considered inventory models for deteriorating items.…”

Section: Introductionmentioning

confidence: 99%

EOQ model for non- decreasing time dependent deterioration and Decaying demand under non-increasing time shortages

Tripathi¹,

Kaur²

2017

10.5267/j.uscm

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Deterioration of items is a phenomenon which cannot be neglected as it may provide absurd result. In high-tech business market, deterioration is not always constant but it is time dependent. This paper presents inventory model for time dependent deterioration and time dependent demand under shortages. The mathematical model is provided to optimize the cycle time by minimizing the total cost. Numerical results are discussed to validate the proposed model. The variation of the optimal solution for different parameters is discussed for some instances.Growing Science Ltd. All rights reserved. 7

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Section: Introductionmentioning

confidence: 99%

EOQ model for non- decreasing time dependent deterioration and Decaying demand under non-increasing time shortages

Tripathi¹,

Kaur²

2017

10.5267/j.uscm

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“…Deb and Chaudhuri, (1986) presented an EOQ model for items with finite rate of production and variable rate of deterioration. Chung and Ting (1993) established an heuristic for replenishment of deterioration items with linear trend in demand. A single period inventory problem with quadratic demand distribution under the influence of market policies developed by Bhandari and Sharma (2000).…”

Section: Introductionmentioning

confidence: 99%

An EOQ model with Weibull Deterioration, Time Dependent Demand under Salvage Value

Mohan¹

2017

IOSR JM

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“…Ghare and Schrader (1963) suggested a model for an exponentially decaying inventory. Inventory models with a time dependent rate of deterioration were considered by Covert and Philip (1973), Chung and Ting (1993), Hariga and Benkherouf (1994), Wee (1995), Giri and Chaudhuri (1997), Giri et al (2003). They have done significant works in the field of structural properties of an inventory system with deterioration and trended demand.…”

Section: Introductionmentioning

confidence: 99%

Two-warehouse optimized inventory model for time dependent decaying items with ramp type demand rate under inflation

Sharma¹,

Chaudhary²

2016

10.5267/j.uscm

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This paper deals with developing an inventory model for two warehouses. In today's business era, there are various types of conditions such as discounts, bulk storage and seasonal products forcing the buyer to purchase the order more than owned warehouse capacity. To store the excess unit of purchase order, buyer arrange additional storage space called as rented warehouse. It is known that the demand of the seasonal products (as woolen garments) increases at the beginning of the season up to a certain time and then stabilizes to a constant rate for the remaining time of the season. The ramp type demand rate forces the buyer to store a higher quantity of the product at the beginning of the season. Most of the physical goods undergo decay or deterioration over time so we study deteriorating seasonal products in this paper. This two warehouse inventory model is developed with inflation and shortages. The model starts with rent warehouse, in first rent warehouse's inventory level is depleted due to demand and deterioration. At this time own warehouse is depleted due to deterioration only. But after that the inventory level of owned warehouse is depleted due to both demand and deterioration. The shortages are considered in owned warehouse, which is partially backlogged. Numerical solution of the model is obtained to verify the optimal solution. Comprehensive sensitivity analysis has been carried out for showing the effect of variations in the parameters. The model is solved analytically by minimizing the total cost.

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A Heuristic for Replenishment of Deteriorating Items with a Linear Trend in Demand

Cited by 97 publications

References 9 publications

EOQ model for non- decreasing time dependent deterioration and Decaying demand under non-increasing time shortages

EOQ model for non- decreasing time dependent deterioration and Decaying demand under non-increasing time shortages

An EOQ model with Weibull Deterioration, Time Dependent Demand under Salvage Value

Two-warehouse optimized inventory model for time dependent decaying items with ramp type demand rate under inflation

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