On an inventory model with deteriorating items and decreasing time-varying demand and shortages

In this paper we present an optimal procedure for finding the replenishment schedule for an inventory system with shortages, in which items deteriorate at a constant rate and demand rates are decreasing over a known and finite planning horizon. A numerical example is presented to illustrate the proc...

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Bibliographic Details
Published in:European journal of operational research 1995-10, Vol.86 (2), p.293-299
Main Author: Benkherouf, Lakdere
Format: Article
Language:English
Subjects:
Algorithms
Applied sciences
Deteriorating items
Exact sciences and technology
Inventory control, production control. Distribution
Inventory management
Inventory systems
Mathematical models
Operational research and scientific management
Operational research. Management science
Operations research
Optimization
Shortages
Studies
Supply & demand
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Summary:In this paper we present an optimal procedure for finding the replenishment schedule for an inventory system with shortages, in which items deteriorate at a constant rate and demand rates are decreasing over a known and finite planning horizon. A numerical example is presented to illustrate the procedure.
ISSN:0377-2217
1872-6860
DOI:10.1016/0377-2217(94)00101-H