Inventory system of deteriorating items with exponential declining demand and partial backlogging

Chou, Wen-Sheng; Julian, Peterson

doi:10.1080/09720502.2014.962820

Cited by 10 publications

(1 citation statement)

References 12 publications

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“…Cheng et al(2011) proposed an optimal replenishment policy for inventory model with demand rate as trapezoidal function of time and allowing partial back logging. Chou and Julian (2015) studied the inventory model of Ouyang et al (2013) and provided new solution procedure to show that interior minimum exist and unique and pointed out that there are two local minimums on the boundaries. Liao and Huang (2010) developed inventory model for deteriorating items to obtain optimal cycle time under permissible delay in payment and constraints on ware house capacity.…”

Section: Introductionmentioning

confidence: 99%

A study on inventory model with negative exponential demand and probabilistic deterioration under backlogging

Saha¹,

Sen²

2017

10.5267/j.uscm

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The present study is an attempt to develop an inventory model for deteriorating items with negative exponential demand. Shortages are allowed with partial back logging. This model is different from the existing models where deterioration is a function of time. Accordingly, three different types of probabilistic deterioration functions have been considered to find the associated decision variables and also to make comparisons among them. The optimality is illustrated with numerical values of system parameters and the graphical representations are given to depict the trend. The necessary observations in obtaining optimal values of decision variables are analyzed in the light of the practical aspect of the developed model. Finally, considering the numerical values of system parameters, sensitivity analyses are carried out to study the effect of changes in most important system parameters.Growing Science Ltd. All rights reserved. 7

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