An inventory model for deteriorating items with shortages and time-varying demand

Sicilia, Joaquı́n; González-de-la-Rosa, Manuel; Febles-Acosta, Jaime; Pablo, David Alcaide López de

doi:10.1016/j.ijpe.2014.01.024

Cited by 58 publications

(24 citation statements)

References 27 publications

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“…5) The above data are into the formula (5) and formula (6), then the lateral transportation costs, the shortage loss costs can be obtained. When the chain supermarket system does not meet the needs of fresh agricultural products, supermarket stores at this time needs to place an order to suppliers or distribution center.…”

Section: Data Calculationmentioning

confidence: 99%

“…Yu-Ping Leea and Chung-Yuan Dyeb (2012) [4] formulated a deteriorating inventory model with stock-dependent demand by allowing preservation technology cost as a decision variable in conjunction with replacement policy to find the optimal replenishment and preservation technology investment strategies while maximizing the total profit per unit time. Joaquín Siciliaa et al (2014) [5] studied a deterministic inventory system for items with a constant deterioration rate. They considered the ordering cost, the holding cost, the backlogging cost, the deteriorating cost, and the purchasing cost in the inventory management and proposed an approach to minimize the total cost per inventory cycle.…”

Section: Introductionmentioning

confidence: 99%

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Analysis Research on the Lateral Replenishment Strategy of the Chain Supermarket Fresh Agricultural Products

Xu¹,

Song²,

Piao³

2015

JSSM

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The purpose of this research is to minimize the total cost of the overall system in the process of replenishment, to maximize the overall system profits. This paper regards all affiliated stores of chain supermarket as a system to do some research about the replenishment of fresh agricultural products. Then, this paper proposes the lateral replenishment strategy, analyzes its advantages, and applies the strategy thinking to the solution of the surplus or shortage of fresh agricultural products. Through the establishment of the inventory cost model, we compare the system inventory total cost between taking the lateral replenishment and deployment strategy and not using the lateral replenishment and deployment strategy, and get that there is lower total cost. Through the establishment of lateral replenishment transportation model, the optimal dispatching scheme between the surplus supermarket and the shortages supermarket is given. And then, the sensitivity analysis presents the variable range of the fresh agricultural products increment and decrement that does not affect this optimal dispatching scheme. This paper can provide a reference for the chain supermarket to deal with the shortage or surplus of fresh agricultural products so as to improve sales margins of agricultural products, to reduce the total inventory costs of the whole the chain supermarket system, and to improve the customer service levels.

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Section: Data Calculationmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Analysis Research on the Lateral Replenishment Strategy of the Chain Supermarket Fresh Agricultural Products

Xu¹,

Song²,

Piao³

2015

JSSM

View full text Add to dashboard Cite

show abstract

“…Mishra and Singh [16] presented an EOQ model for deteriorating items with power demand pattern and shortages partially backlogged. Recently, Sicilia et al [17] studied a production inventory model for deteriorating items with shortages and time varying demand following a power demand pattern. They assumed a complete backlogging of orders.…”

Section: Introductionmentioning

confidence: 99%

Optimization in Fuzzy Inventory Model for Linearly Deteriorating Items, with Power Demand, Partial Backlogging and Linear Holding Cost

Rajeswari¹,

Vanjikkodi²,

Sathyapriya³

2017

IJCA

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In this paper a fuzzy inventory model is developed for deteriorating items with power demand rate. Shortages are allowed and partially backlogged. The holding cost is assumed to be time dependent. The cost components are considered as trapezoidal fuzzy numbers. The objective of this paper is to develop an inventory model in a fuzzy environment, minimize the total cost and thereby derive optimal policies. The total cost is defuzzified using Graded mean representation, and Signed distance methods. The values obtained by these methods are compared with the help of numerical examples. The convexity of the cost function is depicted graphically. The formulated model is tested for sensitivity by studying the effect of change in parameters.

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“…Chaudhry and Sharma [15] developed and inventory model for deteriorating items with time dependent demand and shortages. An inventory model for deteriorating items with shortages and time varying demand were developed by Sicilia et.al [16]. distribution deterioration rate of items and demand rate is a function of selling price.…”

Section: Introductionmentioning

confidence: 99%

An inventory model for Gompertz deteriorating items with time-varying holding cost and price dependent demand

Khan¹,

Verma²,

Kumar³

2017

IJMTT

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The present paper deals with a deterministic inventory model which follows the Gompertz distribution deterioration rate of items. Commodities such as fruits, vegetables and foodstuffs sufer from depletion by direct spoilage while kept in store. Holding cost is time dependent and demand rate is assumed as price dependent in linear form. Shortages are allowed and completely backlogged. Replenishment is instantaneous and lead time is zero. The model is solved analytically by maximizing the total profit. The results are illustrated with the numerical example and also shown by graphically. The sensitivity of the solution with the changes of the values of the parameters associated with the model is discussed.

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An inventory model for deteriorating items with shortages and time-varying demand

Cited by 58 publications

References 27 publications

Analysis Research on the Lateral Replenishment Strategy of the Chain Supermarket Fresh Agricultural Products

Analysis Research on the Lateral Replenishment Strategy of the Chain Supermarket Fresh Agricultural Products

Optimization in Fuzzy Inventory Model for Linearly Deteriorating Items, with Power Demand, Partial Backlogging and Linear Holding Cost

An inventory model for Gompertz deteriorating items with time-varying holding cost and price dependent demand

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