An inventory model for deteriorating items with stock-dependent consumption rate and shortages under inflation and time discounting

Hou, Kuo-Lung

doi:10.1016/j.ejor.2004.05.011

Cited by 137 publications

(48 citation statements)

References 43 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…They supposed the rate of backlogged demand increases exponentially with the waiting time for the next replenishment decreases. Teng et al [22,23]then extended the backlogged demand to any decreasing function of the waiting time up to the next replenishment.…”

Section: Literature Reviewmentioning

confidence: 99%

A Partial Backlogging Inventory Model with Time-Varying Demand During Shortage Period

Chen¹,

Zhuo²

2010

IJISA

View full text Add to dashboard Cite

Abstract-Harris's classic square root economic order quantity (EOQ) model forms the basis for many other models that relax one or more of its assumptions. A key assumption of the basic EOQ model is that stockouts are not permitted. Due to the excess demands, stock-out situations may arise occasionally. Sometimes, shortages are permitted and they are backordered and satisfied in the very next replenishment. Therefore the objective of this paper is to develop a partial backlogging inventory model, and proposes a new algorithm to minimize the total cost, at the same time also propose the prediction method and algorithm of ordering period. Finally, a practical example of the numerical analysis is given.

show abstract

Section: Literature Reviewmentioning

confidence: 99%

A Partial Backlogging Inventory Model with Time-Varying Demand During Shortage Period

Chen¹,

Zhuo²

2010

IJISA

View full text Add to dashboard Cite

show abstract

“…Skouri et al (2011) projected an inventory model with general ramp type demand rate, constant deterioration rate, partial backlogging of unfulfilled demand and conditions of permissible delay in payments. Other related articles on inventory system with partial backlogging and shortages have been performed by Hou (2006), Jaggi et al (2006Jaggi et al ( , 2012, Patra et al (2010), Yang et al (2010), Lin (2012), Taleizadeh et al (2011Taleizadeh et al ( , 2012, etc.…”

Section: Introductionmentioning

confidence: 99%

An optimization of an inventory model of decaying-lot depleted by declining market demand and extended with discretely variable holding costs

Tyagi¹

2013

10.5267/j.ijiec

View full text Add to dashboard Cite

Inventory management is considered as major concerns of every organization. In inventory holding, many steps are taken by managers that result a cost involved in this row. This cost may not be constant in nature during time horizon in which perishable stock is held. To investigate on such a case, this study proposes an optimization of inventory model where items deteriorate in stock conditions. To generalize the decaying conditions based on location of warehouse and conditions of storing, the rate of deterioration follows the Weibull distribution function. The demand of fresh item is declining with time exponentially (because no item can always sustain top place in the list of consumers' choice practically e.g. FMCG). Shortages are allowed and backlogged, partially. Conditions for global optimality and uniqueness of the solutions are derived, separately. The results of some numerical instances are analyzed under various conditions.

show abstract

“…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

View full text Add to dashboard Cite

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

show abstract

An inventory model for deteriorating items with stock-dependent consumption rate and shortages under inflation and time discounting

Cited by 137 publications

References 43 publications

A Partial Backlogging Inventory Model with Time-Varying Demand During Shortage Period

A Partial Backlogging Inventory Model with Time-Varying Demand During Shortage Period

An optimization of an inventory model of decaying-lot depleted by declining market demand and extended with discretely variable holding costs

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

Contact Info

Product

Resources

About