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Solving some deterministic finite horizon inventory models

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Języki publikacji
EN
Abstrakty
EN
Two single-item, deterministic, continuous, finite horizon inventory models having no shortage have been considered. A demand rate function, which is relatively general, for the item has been assumed. In the first model, units of the item do not deteriorate; while in the second units deteriorate in a constant fraction rate. Some optimality conditions are shown for the models. Based on these properties, single variable search methods have been described to obtain globally optimal solutions. Numerical experiments indicate that the methods yield acceptable solutions within small time and are suitable for practical applications.
Rocznik
Strony
63--74
Opis fizyczny
Bibliogr. 10 poz., tab.
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autor
  • 6 A J C Bose Road, Thakurpukur, Kolkata – 700063, West Bengal, India, p_sinha@live.com
Bibliografia
  • [1] CHERN M.S., YANG H.L., TENG J.T., PAPCHRISTOS S., Partial backlogging inventory lot-size models for deteriorating items with fluctuating demand under inflation, European Journal of Operational Research, 2008, 191 (1), 125–139.
  • [2] DONALDSON W.A., Inventory replenishment policy for a linear trend in demand: an analytical solution, Operational Research Quarterly, 1977, 28, 663–670.
  • [3] HARIGA M., The inventory lot sizing problem with continuous time varying demand and shortages, Journal of the Operational Research Society, 1994, 45 (7), 827–837.
  • [4] SILVER E.A., A simple inventory replenishment decision rule f or a linear trend in demand, Journal of the Operational Research Society, 1979, 30 (1), 71–75.
  • [5] SILVER E.A., MEAL H.C., A simple modification of the EOQ f or the case of a varying demand rate, Production and Inventory Management, 1969, 10 (4), 52–65.
  • [6] TENG J.T., CHANG H.J., DYE C.Y., HUNG C.H., An optimal replenishment policy f or deteriorating it ems with time-varying demand and partial backlogging, Operations Research Letters, 2002, 30 (6), 387–393.
  • [7] YANG J., ZHAO G.Q., RAND G.K., An eclectic approach f or replenishment with nonlinear decreasing demand, International Journal of Production Economics, 2004, 92 (2), 125–131.
  • [8] YANG J., ZHAO G.Q., RAND G.K., Comparison of several heuristics using an analytical procedure f or replenishment with nonlinear increasing demand, International Journal of Production Economics, 1999, 58 (1), 49–55.
  • [9] WAGNER H.M., WHITIN T.M., Dynamic version of the economic lot size model, Management Science, 1958, 5, 89–96.
  • [10] WANG S.P., On inventory replenishment with non-linear increasing demand, Computers & Operations Research, 2002, 29, 1819–1825.
Typ dokumentu
Bibliografia
Identyfikator YADDA
bwmeta1.element.baztech-ca06f591-e94b-426f-bae5-c1a892fd2341
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