Inventory models with ramp type demand rate, partial backlogging and general deterioration rate

This paper is concerned with finding the economic order quantity, EOQ, for an inventory model with ramp type demand-rate, partial backlogging and general deterioration rate. A new method for finding the EOQ policy is proposed. Existence of a unique EOQ is shown for two different replenishment polici...

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Bibliographic Details
Published in:Applied mathematics and computation 2013-01, Vol.219 (9), p.4288-4307
Main Authors: Ahmed, M.A., Al-Khamis, T.A., Benkherouf, L.
Format: Article
Language:English
Subjects:
Deteriorating item
EOQ
Inventory model
Optimal schedule
Ramp type demand
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Summary:This paper is concerned with finding the economic order quantity, EOQ, for an inventory model with ramp type demand-rate, partial backlogging and general deterioration rate. A new method for finding the EOQ policy is proposed. Existence of a unique EOQ is shown for two different replenishment policies ((a) periods starting with shortages and (b) periods starting with no shortages). Two different cost functions are considered.
ISSN:0096-3003
1873-5649
DOI:10.1016/j.amc.2012.09.068