An EOQ model with delay in payments and time varying deterioration rate
Reads0
Chats0
TLDR
The author develops an EOQ model for time varying deterioration rate where demand and deterioration rate are both time-dependent and the profit function of the model is maximized.About:
This article is published in Mathematical and Computer Modelling.The article was published on 2012-02-01 and is currently open access. It has received 243 citations till now. The article focuses on the topics: Economic order quantity & Purchasing.read more
Citations
More filters
Journal ArticleDOI
A production-inventory model with probabilistic deterioration in two-echelon supply chain management
TL;DR: In this article, a production-inventory model is developed for a deteriorating item in a two-echelon supply chain management (SCM), and an algebraical approach is applied to find the minimum cost related to this entire SCM.
Journal ArticleDOI
Literature review of deteriorating inventory models by key topics from 2012 to 2015
TL;DR: An up-to-date review of perishable inventory models, but also of the joint key topics of publications from January 2012 until December 2015 in the research area of deteriorating inventory models is given.
Journal ArticleDOI
The effect of preservation technology investment on a non-instantaneous deteriorating inventory model
TL;DR: In this paper, the effect of preservation technology investment on inventory decisions is studied in an inventory system with a non-instantaneous deteriorating item, and the basic results of fractional programming are employed to prove the uniqueness of the global maximum for each case.
Journal ArticleDOI
Optimal credit period and lot size for deteriorating items with expiration dates under two-level trade credit financing
TL;DR: An economic order quantity model for the retailer is proposed where the retailer’s optimal credit period and cycle time not only exist but also are unique and several special cases are discussed including for non-deteriorating items.
Journal ArticleDOI
A century of evolution from Harris׳s basic lot size model: Survey and research agenda
TL;DR: In this article, the authors explore and discuss the evolution of these models during one hundred years of history, starting from the basic model developed by Harris in 1913, up to today.
References
More filters
Journal ArticleDOI
A New Logit Model for Decision Making and its Application
TL;DR: In this article, a logit model is applied to an actual case of predicting customer purchase probabilities for a particular brand of an industrial product, and the model is externally validated statistically, using real data, by comparing model results with the actual market share of the company.
Journal ArticleDOI
A finite replenishment model with increasing demand under inflation
TL;DR: An economic order quantity model for various types of deterministic demand patterns in which the delay periods and different discounts rates on purchasing cost are offered by the supplier to the retailers in the presence of inflation is considered.
Journal ArticleDOI
Economic ordering policy for deteriorating items over an infinite time horizon
TL;DR: In this article, a total cost model is presented for the inventory problem of deteriorating items and an approach is suggested for determining economic ordering policy for the case of time varying demand and a search procedure is developed when demand is constant in each period.
Journal ArticleDOI
On improving replenishment policies for linear trend in demand
TL;DR: In this article, the authors proposed a heuristic method for determining economic replenishment intervals for an item under conditions of linear trend in demand, and compared the performance of various heuristic methods using these problems as test problems.
Journal ArticleDOI
A note on the economic replenishment interval for an item with a linear trend in demand
TL;DR: In this article, the authors present a heuristic method which avoids solving a cubic equation and requires evaluation of only one square root per replenishment interval, which is the same as Ritchie's (1980) method.