Literature review of deteriorating inventory models by key topics from 2012 to 2015

Janssen, Larissa; Claus, Thorsten; Sauer, Jürgen

doi:10.1016/j.ijpe.2016.08.019

Cited by 222 publications

(102 citation statements)

References 273 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Compared with (9) and (11), (12) can be employed to obtain as the optimal solution to (13): * = max .…”

Section: Optimal Solution Of Model (9)mentioning

confidence: 99%

“…Literature reviews published from 2011 to 2016 have treated 2 Journal of Food Quality fresh (or perishable) goods as a distinct classification and examined relevant research. For detailed literature reviews on the inventory model for deteriorating items, see Nahmias [9], Karaesmen et al [10], Bakker et al [11], and Janssen et al [12]. This study avoided repeating these previous works and instead focused on a deeper exploration of the problems involved in fresh goods inventories.…”

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Economic Order Quality Model for Determining the Sales Prices of Fresh Goods at Various Points in Time

Chen

2017

Journal of Food Quality

View full text Add to dashboard Cite

Although the safe consumption of goods such as food products, medicine, and vaccines is related to their freshness, consumers frequently understand less than suppliers about the freshness of goods when they purchase them. Because of this lack of information, apart from sales prices, consumers refer only to the manufacturing and expiration dates when deciding whether to purchase and how many of these goods to buy. If dealers could determine the sales price at each point in time and customers' intention to buy goods of varying freshness, then dealers could set an optimal inventory cycle and allocate a weekly sales price for each point in time, thereby maximizing the profit per unit time. Therefore, in this study, an economic order quality model was established to enable discussion of the optimal control of sales prices. The technique for identifying the optimal solution for the model was determined, the characteristics of the optimal solution were demonstrated, and the implications of the solution's sensitivity analysis were explained.

show abstract

“…Compared with (9) and (11), (12) can be employed to obtain as the optimal solution to (13): * = max .…”

Section: Optimal Solution Of Model (9)mentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Economic Order Quality Model for Determining the Sales Prices of Fresh Goods at Various Points in Time

Chen

2017

Journal of Food Quality

View full text Add to dashboard Cite

show abstract

“…They determined EOQ and suggested optimal solution by considering demand rate as constant in first part of the cycle and linear increasing in the other part. The literature surveys by Nahmias [11], Raafat [12], Goyal and Giri [13], Li et al [14], Bakker et al [15] and Janssen et al [16] cite up-to-date review of the advances made in the field of deteriorating inventory.…”

Section: Introductionmentioning

confidence: 99%

An Ordering Policy for Deteriorating Items with Time-Dependent Quadratic Demand and Salvage Value under Permissible Delay in Payment

Singh¹,

Muduly²,

Mallick³

et al. 2019

AJOR

View full text Add to dashboard Cite

The article deals with an economic order quantity (EOQ) inventory model for deteriorating items in which the supplier provides the purchaser a permissible delay in payment. This is so when deterioration of units in the inventory is subject to constant deterioration rate, demand rate is quadratic function of time and salvage value is associated with the deteriorated units. Shortages in the system are not allowed to occur. A mathematical formulation is developed when the supplier offers a permissible delay period to the customers under two circumstances: 1) when delay period is less than the cycle of time; and 2) when delay period is greater than the cycle of time. The method is suitable for the items like state-of-the-art aircrafts, super computers, laptops, android mobiles, seasonal items and machines and their spare parts. A solution procedure algorithm is given for finding the optimal order quantity which minimizes the total cost of an inventory system. The article includes numerical examples to support the effectiveness of the developed model. Finally, sensitivity analysis on some parameters on optimal solution is provided.

show abstract

“…Singhal and Singh (2015) optimized total cost by considering multi variate demand and permitting shortages partially. More detailed reviews are given by Goyal and Giri, (2001), Bakker et al (2012), Khanlarzade et al (2014) and Janssen et al (2016).…”

Section: Introductionmentioning

confidence: 99%

Vendor managed inventory model for non-instantaneous deteriorating product with quadratic demand allowing partial backlogging

Soni¹,

Gor²,

Patel³

2018

10.5267/j.uscm

View full text Add to dashboard Cite

Vendor managed inventory system is vendor centric inventory system in which all inventory decisions are taken by vendor rather than buyer. This study considers non-instantaneous deteriorating items with generalized type time dependent deterioration rate when demand rate is quadratic function of time and shortages are allowed with partial backlogging. The paper aims to compare traditional inventory system and vendor managed inventory system by analyzing total cost function. To validate the model, numerical example and sensitivity analysis are performed. The analysis shows that vendor managed inventory is more beneficial compare with the traditional inventory system.

show abstract

Literature review of deteriorating inventory models by key topics from 2012 to 2015

Cited by 222 publications

References 273 publications

Economic Order Quality Model for Determining the Sales Prices of Fresh Goods at Various Points in Time

Economic Order Quality Model for Determining the Sales Prices of Fresh Goods at Various Points in Time

An Ordering Policy for Deteriorating Items with Time-Dependent Quadratic Demand and Salvage Value under Permissible Delay in Payment

Vendor managed inventory model for non-instantaneous deteriorating product with quadratic demand allowing partial backlogging

Contact Info

Product

Resources

About