The effects of learning and forgetting on the optimal production lot size for deteriorating items with time varying demand and deterioration rates

Alamri, Adel A.; Balkhi, Zaid T.

doi:10.1016/j.ijpe.2006.08.004

Cited by 66 publications

(18 citation statements)

References 24 publications

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“…Refs. [49][50][51]. For the time being, no distinctions were made between the competencies, except for several methodological competencies that were supposed to grow and diminish more slowly.…”

Section: Sample Applicationmentioning

confidence: 99%

A Multicriteria Decision Support System for Competence-Driven Project Portfolio Selection

Stummer

Kiesling

Gutjahr

2009

Int. J. Info. Tech. Dec. Mak.

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The systematic and proactive development of human resources is of major importance in organizations that rely heavily on the competencies of their employees when engaging in innovative endeavors. Human capital, however, is not only a resource required for conducting research, but also the eventual result of that research. When selecting a research portfolio, the decision-maker (DM) thus needs to take into consideration both current and future competence requirements, as well as other financial and nonfinancial objectives and constraints. We introduce a proper multicriteria decision support system (MCDSS) that first determines the set of Pareto-efficient solutions and then allows the DM to interactively filter and/or explore this set in various ways. Its practical application is demonstrated by means of a showcase at

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Section: Sample Applicationmentioning

confidence: 99%

A Multicriteria Decision Support System for Competence-Driven Project Portfolio Selection

Stummer

Kiesling

Gutjahr

2009

Int. J. Info. Tech. Dec. Mak.

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“…Zang et al (2014) designed an inventory model wherein demand is dependent on selling price and time and deterioration can be controlled by preservation technology. There are numerous studies on inventory models for deteriorating items under different conditions, such as Goswami and Chaudhuri (1991), Alamri and Balkhi (2007), Khedlekar et al (2012), Chung and Huang (2007), Ouyang et al (2005), and Kumar and Sharma (2012). …”

Section: Introductionmentioning

confidence: 99%

Pricing policy for declining demand using item preservation technology

2016

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We have designed an inventory model for seasonal products in which deterioration can be controlled by item preservation technology investment. Demand for the product is considered price sensitive and decreases linearly. This study has shown that the profit is a concave function of optimal selling price, replenishment time and preservation cost parameter. We simultaneously determined the optimal selling price of the product, the replenishment cycle and the cost of item preservation technology. Additionally, this study has shown that there exists an optimal selling price and optimal preservation investment to maximize the profit for every business set-up. Finally, the model is illustrated by numerical examples and sensitive analysis of the optimal solution with respect to major parameters.

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“…Ouyang and Cheng (2005) developed an inventory model for deteriorating items with exponential declining demand and partial backlogging. Alamri and Balkhi (2007) studied the effects of learning and forgetting on the optimal production lot size for deteriorating items with timevarying demand and deterioration rates. Dye et al (2007) find an optimal selling price and lot size with a varying rate of deterioration and exponential partial backlogging.…”

Section: Introductionmentioning

confidence: 99%

An inventory model for deteriorating items with time-dependent demand and time-varying holding cost under partial backlogging

2013

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In this paper, we considered a deterministic inventory model with time-dependent demand and time-varying holding cost where deterioration is time proportional. The model considered here allows for shortages, and the demand is partially backlogged. The model is solved analytically by minimizing the total inventory cost. The result is illustrated with numerical example for the model. The model can be applied to optimize the total inventory cost for the business enterprises where both the holding cost and deterioration rate are time dependent.

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The effects of learning and forgetting on the optimal production lot size for deteriorating items with time varying demand and deterioration rates

Cited by 66 publications

References 24 publications

A Multicriteria Decision Support System for Competence-Driven Project Portfolio Selection

A Multicriteria Decision Support System for Competence-Driven Project Portfolio Selection

Pricing policy for declining demand using item preservation technology

An inventory model for deteriorating items with time-dependent demand and time-varying holding cost under partial backlogging

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