Journal ArticleDOI
Analysis of an EOQ inventory model with partial backordering and non-linear unit holding cost
TLDR
In this article, an economic order quantity inventory model is analyzed, considering that the unit cumulative holding cost has two significant components: a fixed cost which represents the cost of accommodating the item in the warehouse and a variable cost given by a potential function of the length of time over which the item is held in stock.Abstract:
In this paper, an economic order quantity inventory model is analyzed, considering that the unit cumulative holding cost has two significant components: a fixed cost which represents the cost of accommodating the item in the warehouse and a variable cost given by a potential function of the length of time over which the item is held in stock. Shortages are allowed and, during the stockout period, only a fraction of demand is partially backordered. The backordering cost includes a fixed cost and a cost linearly dependent on the length of time for which backorder exists. A solution procedure is developed for determining the optimal inventory policy. Moreover, to illustrate the effects of some parameters on the optimal policy and the minimum total inventory cost, a numerical study is developed.read more
Citations
More filters
Journal ArticleDOI
Inventory and pricing model with price-dependent demand, time-varying holding cost, and quantity discounts
TL;DR: An inventory model is presented with a selling price-dependent demand rate, a storage time-dependent holding cost, and an order size-dependent purchase cost based on all-units quantity discount.
Journal ArticleDOI
Coordinating contracts for a financially constrained supply chain
TL;DR: In this paper, the authors consider a financially constrained supply chain in which a supplier (leader) sells products to a retailer (follower) who has no access to bank financing due to her low credit rating.
Journal ArticleDOI
An EOQ inventory model with nonlinear stock dependent holding cost, nonlinear stock dependent demand and trade credit
Leopoldo Eduardo Cárdenas-Barrón,Ali Akbar Shaikh,Ali Akbar Shaikh,Sunil Tiwari,Sunil Tiwari,Gerardo Treviño-Garza +5 more
TL;DR: An economic order quantity (EOQ) inventory model under both nonlinear stock dependent demand and nonlinear holding cost is developed from retailer’s point of view, where the supplier offers a trade credit period to the retailer.
Journal ArticleDOI
Multi-item EOQ model with nonlinear unit holding cost and partial backordering: moth-flame optimization algorithm
TL;DR: In this paper, a multi-item multi-constrained economic order quantity model with nonlinear unit holding cost and partial backordering is proposed, where different technical, physical, and strategic constraints are considered such as available budget, warehouse capacity, total permissible holding cost, and total permissible backordering cost constraints.
Journal ArticleDOI
Joint pricing and inventory decisions with carbon emission considerations, partial backordering and planned discounts
TL;DR: Because plants emit greenhouse gases (carbon dioxide), the authors considered mitigation efforts and the rate of demand in the model was assumed proportional to the unit purchasing cost and partial backordering was allowed as a fixed parameter.
References
More filters
Journal ArticleDOI
How Many Parts to Make at Once
TL;DR: Experience has shown one manager a way to determine the economical size of lots, and interest on capital tied up in wages, material and overhead sets a maximum limit to the quantity of parts which can be profitably manufactured at one time.
Journal ArticleDOI
Inventory models with a mixture of backorders and lost sales.
TL;DR: In this paper, the authors presented several single-echelon, single-item, static demand inventory models for situations in which, during the stockout period, a fraction b of the demand is backordered and the remaining fraction 1 - b is lost forever.
Journal ArticleDOI
Deterministic models of perishable inventory with stock-dependent demand rate and nonlinear holding cost
TL;DR: This paper deals with an extended EOQ-type inventory model for a perishable product where the demand rate is a function of the on-hand inventory and the effects of nonlinearity in holding costs are presented.
Journal ArticleDOI
Optimizing inventory and marketing policy for non-instantaneous deteriorating items with generalized type deterioration and holding cost rates
TL;DR: In this article, an inventory system with non-instantaneous deteriorating items is considered, where demand rate is a function of advertisement of an item and selling price, and an algorithm is designed to find the optimum solutions of the proposed model.
Journal ArticleDOI
Inventory model with stock-level dependent demand rate and variable holding cost
TL;DR: In this article, the inventory policy for an item with a stock-level dependent demand rate and a storage-time dependent holding cost is considered, where the holding cost per unit of the item per unit time is assumed to be an increasing function of the time spent in storage.