An inventory model for deteriorating items with time-proportional demand and shortages under inflation and time discounting

Chen, Jen Ming

doi:10.1016/s0925-5273(98)00011-5

Cited by 82 publications

(25 citation statements)

References 27 publications

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“…The study completed the previous works by assuming that deterioration rate was with total distribution function, demand rate was time-dependent and planning horizon was finite. Chen (1998) presented a dynamic planning model for the goods with Weibull deterioration rate. By solving time model, the optimal replenishment in finite planning horizon is obtained as the current value of the total cost of this inventory system is minimized.…”

Section: Times -Dependent Demandmentioning

confidence: 99%

Inventory control with deteriorating items: A state-of-the-art literature review

Khanlarzade¹,

Yegane²,

Kamalabadi³

et al. 2014

10.5267/j.ijiec

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The present study reviews different studies on inventory control of deteriorating items in chain supply published over the period 1963-2013. The study investigates supply chain of the items in terms of various perspectives. Finally, the summary of the studies is shown in two tables for oneechelon and multi-echelon supply chain including the main information and assumptions of each paper. In the mentioned tables, the papers were classified in terms of the type of demand rate, deterioration rate, solution procedure and findings. It can be said that no analysis on the results was done in the present study and it can be only used as a good reference in the study field for other researchers.

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Section: Times -Dependent Demandmentioning

confidence: 99%

Inventory control with deteriorating items: A state-of-the-art literature review

Khanlarzade¹,

Yegane²,

Kamalabadi³

et al. 2014

10.5267/j.ijiec

View full text Add to dashboard Cite

show abstract

“…Khurana and Chakraborty (2016) gave optimal ordering and pricing policy for deteriorating items incorporating price and stock sensitivity demand and partial back logging during shortages. A generalized dynamic programming for inventory items with Weibull distributed deterioration proposed by Chen (1998) with assumption of time proportional demand and shortages under influence of inflation and time discounting. Wang and Chen(2001) extended the model of Hariga (1995) by taking finite rates of production and deterioration, demand was allowed to very over finite planning horizon with variable replenishment cycle.…”

Section: Introductionmentioning

confidence: 99%

A study on inventory model with negative exponential demand and probabilistic deterioration under backlogging

Saha¹,

Sen²

2017

10.5267/j.uscm

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The present study is an attempt to develop an inventory model for deteriorating items with negative exponential demand. Shortages are allowed with partial back logging. This model is different from the existing models where deterioration is a function of time. Accordingly, three different types of probabilistic deterioration functions have been considered to find the associated decision variables and also to make comparisons among them. The optimality is illustrated with numerical values of system parameters and the graphical representations are given to depict the trend. The necessary observations in obtaining optimal values of decision variables are analyzed in the light of the practical aspect of the developed model. Finally, considering the numerical values of system parameters, sensitivity analyses are carried out to study the effect of changes in most important system parameters.Growing Science Ltd. All rights reserved. 7

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“…Hariga and BenDaya (1996) then extended Hariga (1995) by removing the restriction of equal replenishment cycle and provided two solution procedures with and without shortages. Later, Ray and Chaudhuri (1997), Chen (1998), Sarker et al (2000), Chung and Lin (2001), and Wee and Law (2001), Hou (2006), Yadav et al (2015) all have investigated the effects of inflation, time value of money and deterioration on inventory models.…”

Section: Introductionmentioning

confidence: 99%

Supply chain management under the effect of trade credit for deteriorating items with ramp-type demand and partial backordering under inflationary environment

Shastri¹,

Singh²,

Gupta³

2015

10.5267/j.uscm

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In this paper, a supply chain inventory model is developed in inflationary environment by incorporating some realistic features such as ramp type demand, deterioration, partial backlogging, inflation, and trade credit. Here, rate of deterioration is linear and partial backlogging rate is variable and dependent on the waiting time for the next replenishment. Depending on the trade credit period, three different situations arise. For each model the optimal replenishment policy is determined. Numerical examples are provided to illustrate the proposed inventory model and sensitivity analyses of optimal solutions are given for each case of trapezoidal demand function.Growing Science Ltd. All rights reserved. 5

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An inventory model for deteriorating items with time-proportional demand and shortages under inflation and time discounting

Cited by 82 publications

References 27 publications

Inventory control with deteriorating items: A state-of-the-art literature review

Inventory control with deteriorating items: A state-of-the-art literature review

A study on inventory model with negative exponential demand and probabilistic deterioration under backlogging

Supply chain management under the effect of trade credit for deteriorating items with ramp-type demand and partial backordering under inflationary environment

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