Inventory Model with Fixed Shelf Life under Generalized Non-Increasing Demand

被引:1
|
作者
Tuan, Han-Wen [1 ]
Hung, Kuo-Chen [1 ]
Yang, Gino K. [1 ]
机构
[1] Hungkuang Univ, Dept Multimedia Game Dev & Applicat, Taichung 43302, Taiwan
关键词
inventory; non-increasing demand; shelf-life; expiry date; EOQ MODEL; FOOD RECOVERY; SUPPLY CHAIN; PRODUCTS; POLICY; DETERIORATION; DELAY; STAGE; PRICE;
D O I
10.3390/math9212735
中图分类号
O1 [数学];
学科分类号
0701 ; 070101 ;
摘要
In this paper, we develop an economic order quantity (EOQ) model for fixed shelf-life items and a non-increasing demand. The objective of this model is to maximize the total profit. We find the criterion to decide (i) the interior maximum solution or (ii) the boundary maximum solution. Eight numerical examples are given to illustrate all possible scenarios of this generalized model. Our results identify a scenario for which the maximum profit is always negative. This is highly relevant for firms in the public sector operating at a financial loss.</p>
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页数:15
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