An EOQ model for perishable product with special sale and shortage

Taleizadeh, Ata Allah; Mohammadi, Bagher; Cárdenas–Barrón, Leopoldo Eduardo; Samimi, Hadi

doi:10.1016/j.ijpe.2013.05.001

Cited by 89 publications

(23 citation statements)

References 28 publications

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“…Shortages occur during the period (t 1 ; T ), which are fully backlogged. During the replenishment cycle [0; T ], the inventory level, I(t), satis es the following di erential equations: p p p Sarkar [3] p p Sett, Sarkar, and Goswami [4] p p Sarkar, Saren, and C ardenas-Barr on [5] p p Wu, Ouyang, C ardenas-Barr on, and Goyal [6] p p Sarkar, Sarkar, and Yun [7] p p p Sarkar [8] p Ghare and Schrader [9] p Covert and Philip [10] p Philip [11] p Dave and Patel [12] p Wee [13] p p Goyal and Giri [14] p Yang and Wee [15] p Law and Wee [16] p p Chung and Wee [17] p Hsu, Wee, and Teng [18] p Sarkar and Sarkar [19] p Sarkar, Saren, and Wee [20] p Sarkar [21] p Sarkar and Sarkar [22] p Shah and C ardenas-Barr on [23] p Deb and Chaudhuri [24] p Abad [25] p Wee, Law, Yu, and Chen [26] p C ardenas-Barr on [27] p Taleizadeh, Mohammadi, Crdenas-Barrn, and Samimi [28] p p C ardenas-Barr on [29] p Sarkar and Sarkar [30] p p …”

Section: Model Formulationmentioning

confidence: 99%

“…Without using the calculations for optimality from di erential calculus, C ardenas-Barro an [27] solved an economic production quantity model with basic algebraic procedure. Taleizadeh et al [28] considered an inventory model to determine the optimal order and shortage quantities for a perishable item when the supplier o ered a special sale. Sometimes, managers prefer to use planned backorders to reduce the total system cost.…”

Section: Introductionmentioning

confidence: 99%

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Optimal replenishment policy with variable deterioration for fixed lifetime products

Sett¹,

Sarkar

et al. 2016

Scientia Iranica

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Abstract. Although numerous researchers have developed di erent inventory models for deteriorating items, very few of them have taken the maximum lifetime of a deteriorating item into consideration. This paper illustrates a mathematical model to obtain an optimal replenishment policy for deteriorating items with maximum lifetime, ramp-type demand, and shortages. Both holding cost and deterioration function are linear functions of time, which are treated as constants in most of the deteriorating inventory models. A simple solution procedure is provided to obtain the optimal solutions. Numerical examples along with graphical representations are provided to illustrate the model. Sensitivity analysis of the optimal solution with respect to key parameters of the model has been carried out and the implications are discussed.

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Section: Model Formulationmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Optimal replenishment policy with variable deterioration for fixed lifetime products

Sett¹,

Sarkar

et al. 2016

Scientia Iranica

View full text Add to dashboard Cite

show abstract

“…have developed a mathematical model with two-level trade credit financing in which trade credit offer depends on the amount of ordering quantity. Taleizadeh et al (2013) have developed an EOQ model with perishable items, special sale offers, and shortages. Chung and Cárdenas-Barrón (2013) presented a simplified solution procedure to an EOQ model for deteriorating items by Min et al (2010) with stock-dependent demand and two-level trade credit.…”

Section: Literature Reviewmentioning

confidence: 99%

Retailer's inventory system in a two-level trade credit financing with selling price discount and partial order cancellations

Thangam

2014

J Ind Eng Int

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In today's fast marketing over the Internet or online, many retailers want to trade at the same time and change their marketing strategy to attract more customers. Some of the customers may decide to cancel their orders partially with a retailer due to various reasons such as increase in customer's waiting time, loss of customer's goodwill on retailer's business, and attractive promotional schemes offered by other retailers. Even though there is a lag in trading and order cancellation, this paper attempts to develop the retailer's inventory model with the effect of order cancellations during advance sales period. The retailer announces a price discount program during advance sales period to promote his sales and also offers trade credit financing during the sales periods. The retailer availing trade credit period from his supplier offers a permissible delay period to his customers. The customer who gets an item is allowed to pay on or before the permissible delay period which is accounted from the buying time rather than from the start period of inventory sales. This accounts for significant changes in the calculations of interest payable and interest earned by the retailer. The retailer's total cost is minimized so as to find out the optimal replenishment cycle time and price discount policies through a solution procedure. The results derived in mathematical theorems are implemented in numerical examples, and sensitivity analyses on several inventory parameters are obtained.

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“…Yang (2012) presented two warehouse partial backlogging inventory models with three-parameter Weibull distribution deterioration under inflation. Taleizadeh et al (2013) discussed an inventory model for perishable product with special sale under shortages. Wu (2002) presented an inventory model with time-dependent demand for deteriorating item and shortages.…”

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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An EOQ model for perishable product with special sale and shortage

Cited by 89 publications

References 28 publications

Optimal replenishment policy with variable deterioration for fixed lifetime products

Optimal replenishment policy with variable deterioration for fixed lifetime products

Retailer's inventory system in a two-level trade credit financing with selling price discount and partial order cancellations

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

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