A two-warehouse production model for deteriorating inventory items with time-dependent demands

Lee, Chun Chen; Hsu, Shu-Lu

doi:10.1016/j.ejor.2007.12.034

Cited by 114 publications

(42 citation statements)

References 24 publications

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“…This model is analysed and optimised considering permissible delays in payments. Lee and Hsu (2009) develop a production-inventory model with time-dependent demand and no shortages. Gayen and Pal (2009) analyse an inventory model in which shortages are not allowed and the demand is stock-dependent.…”

Section: Introductionmentioning

confidence: 99%

“…Mak (1982), Wee (1993), Wee (1998), Chung, Liu, and Tsai (1997), Abad (2000), Yang and Wee (2000), Rau, Wu, and Wee (2003), Yang (2004a), Dye, Ouyang, and Hsieh (2007), Ouyang, Teng, Goyal, and Yang (2009), Yang, Wee, Chung, and Ho (2010) consider constant rate of demand in their studies. Bhunia and Maiti (1998), Chung and Tsai (2001), Moon, Giri, and Ko (2005), Yang (2005) and Lee and Hsu (2009) assume the demand to be a time-dependent function. Examples for time-dependent demand applications can be seen in grocery retailing industry that some products' demand rate varies in different weekdays.…”

Section: Introductionmentioning

confidence: 99%

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A two-echelon inventory model for a deteriorating item with stock-dependent demand, partial backlogging and capacity constraints

Ghiami

Williams

2013

European Journal of Operational Research

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Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

A two-echelon inventory model for a deteriorating item with stock-dependent demand, partial backlogging and capacity constraints

Ghiami

Williams

2013

European Journal of Operational Research

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“…Rong et al (2008) gave a two-warehouse inventory model for a deteriorating item with partially/fully backlogged shortage and fuzzy lead time. Lee and Hsu (2009) gave a two-warehouse production model for deteriorating inventory items with time-dependent demands. Liang and Zhou (2011) developed the two-warehouse inventory model for deteriorating items under conditionally permissible delay in payment.…”

Section: Literature Reviewmentioning

confidence: 99%

An EOQ model for non-instantaneous deteriorating items with two levels of storage under trade credit policy

Udayakumar

Geetha

2017

J Ind Eng Int

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A deterministic inventory model with two levels of storage (own warehouse and rented warehouse) with non-instantaneous deteriorating items is studied. The supplier offers the retailer a trade credit period to settle the amount. Different scenarios based on the deterioration and the trade credit period have been considered. In this article, we have framed two models considering single warehouse (Model-I) and two warehouses (Model-II) for non-instantaneous deteriorating items. The objective of this work is to minimize the total inventory cost and to find the optimal length of replenishment and the optimal order quantity. Mathematical theorems have been developed to determine the existence and the uniqueness of the optimal solution. Computational algorithms for the two different models are designed to find the optimal order quantity and the optimal cycle time. Comparison between the optimal solutions for the two models is also given. Numerical illustrations and managerial insights obtained demonstrate the application and the performance of the proposed theory.

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“…When retailer receives an order the delivery is first replenishment from rented warehouse because holding cost of rented warehouse is higher with the respect of own warehouse. Numerous researchers have focused in this area such as Sharma (1987), Pakkala and Achary (1992), Benkerouf (1997), Goswami and Chaudhuri (1992), Bunia and Maiti (1998), Huang et al (2006) and Lee and Hsu (2009) and much more. Huang (2007 b ) extended Chung and Huang (2003) and Huang (2003) model in the light of two level of trade credit and determine retailer's replenishment decision with EPQ framework.…”

Section: Introductionmentioning

confidence: 99%

An EPQ model under two levels of trade credit and limited storage space

Kumar¹,

Kaanodiya²,

Pachauri³

2012

ijiec

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In this article, a production inventory model is developed to determine the retailer's optimal replenishment decisions under two levels of trade credit and limited storage space. Two levels of trade credit refers that the supplier provides to his/her retailer a permissible delay period to settle the account and the retailer also in turn provides a delay period to his/her customer for paying of purchasing goods. The retailer's credit period M offered by supplier is greater than customers credit period N provides by the retailer. This paper investigates retailer optimal replenishment policy under finite replenishment rate by minimizing the total annual inventory cost. Three theorems are developed to determine optimal cycle time, optimal relevant cost and optimal order quantity for retailers accurate and rapidly. A numerical example is used to analyze the validity of propose model, Sensitive analysis shows managerial decisions for retailer.

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A two-warehouse production model for deteriorating inventory items with time-dependent demands

Cited by 114 publications

References 24 publications

A two-echelon inventory model for a deteriorating item with stock-dependent demand, partial backlogging and capacity constraints

A two-echelon inventory model for a deteriorating item with stock-dependent demand, partial backlogging and capacity constraints

An EOQ model for non-instantaneous deteriorating items with two levels of storage under trade credit policy

An EPQ model under two levels of trade credit and limited storage space

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