An optimal replenishment policy for items with inventory-level-dependent demand and fixed lifetime under the LIFO policy

2003 ◽  
Vol 54 (6) ◽  
pp. 585-593 ◽  
Author(s):  
Y-W Zhou ◽  
S-L Yang
Keyword(s):  
Inventory Level ◽  
Replenishment Policy ◽  
Fixed Lifetime ◽  
Dependent Demand

scholarly journals Optimal replenishment policy for items with three-parameter Weibull deterioration, stock-level dependent demand and partial backlogging

2018 ◽  
Vol 28 (1) ◽  
pp. 107-121 ◽  
Author(s):  
Smaila Sanni ◽  
Polycarp Chigbu
Keyword(s):  
Inventory Level ◽  
Market Demand ◽  
Partial Backlogging ◽  
Proposed Model ◽  
Perform Sensitivity Analysis ◽  
Replenishment Policy ◽  
Managerial Implications ◽  
Real Market ◽  
The Impact ◽  
Dependent Demand

Our focus in this paper is on determining an optimal replenishment policy for items with three-parameter Weibull distribution deterioration and inventory-level dependent demand. We developed and analyzed the model under the assumption of partial backlogging. The three-parameter Weibull hazard rate captures the impact of already deteriorated items that are received into the inventory, as well as those items that may start deteriorating in future. The inventory-level demand reflects a real market demand for product whose sales is enhanced by stock on display. We study a case base examples to gain some quantitative insight into the proposed model and we perform sensitivity analysis to draw some managerial implications.

scholarly journals Inventory models for perishable items with inventory level dependent demand rate

2012 ◽  
Vol 36 (10) ◽  
pp. 5015-5028 ◽  
Author(s):  
Yongrui Duan ◽  
Guiping Li ◽  
James M. Tien ◽  
Jiazhen Huo
Keyword(s):  
Inventory Level ◽  
Inventory Models ◽  
Perishable Items ◽  
Demand Rate ◽  
Dependent Demand Rate ◽  
Dependent Demand

On the EOQ model with inventory-level-dependent demand rate and random yield

1994 ◽  
Vol 16 (3) ◽  
pp. 167-176 ◽  
Author(s):  
Shaul K. Bar-Lev ◽  
Mahmut Parlar ◽  
David Perry
Keyword(s):  
Inventory Level ◽  
Random Yield ◽  
Eoq Model ◽  
Demand Rate ◽  
Dependent Demand Rate ◽  
Dependent Demand
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