A production lot size inventory model for deteriorating items and arbitrary production and demand rates

1996 ◽  
Vol 92 (2) ◽  
pp. 302-309 ◽  
Author(s):  
Zaid T. Balkhi ◽  
Lakdere Benkherouf
Keyword(s):  
Inventory Model ◽  
Deteriorating Items ◽  
Lot Size ◽  
Demand Rates ◽  
Production Lot Size

THE EFFECT OF CREDIT PERIOD ON THE OPTIMAL LOT SIZE FOR DETERIORATING ITEMS WITH TIME VARYING DEMAND AND DETERIORATION RATES

2005 ◽  
Vol 22 (02) ◽  
pp. 211-227 ◽  
Author(s):  
HORNG-JINH CHANG ◽  
CHUNG-YUAN DYE
Keyword(s):  
Inventory Model ◽  
Deteriorating Items ◽  
Simple Solution ◽  
Future Research ◽  
Time Varying ◽  
Lot Size ◽  
Credit Period ◽  
Numerical Examples ◽  
Varying Demand ◽  
Ordering Quantity

In this paper, we present an inventory model for deteriorating items with time varying demand and deterioration rates when the credit period depends on the retailer's ordering quantity. We also provide simple solution procedures for finding the optimal replenishment period and show in a rigorous way that the policy suggested is indeed optimal. Further, we use numerical examples to illustrate the model and conclude the paper with suggestions for possible future research.

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