Retailer's optimal strategy for fixed lifetime products

被引:13
|
作者
Sarkar, Biswajit [1 ]
Sarkar, Sumon [1 ]
Yun, Won Young [2 ]
机构
[1] Hanyang Univ, Dept Ind & Management Engn, Ansan 426791, Gyeonggi Do, South Korea
[2] Pusan Natl Univ, Dept Ind Engn, Pusan 609735, South Korea
关键词
Inventory; Time; varying deterioration; Variable demand; Partial backorder; TIME-VARYING DETERIORATION; ECONOMIC PRODUCTION QUANTITY; MANUFACTURING BATCH SIZE; INVENTORY MODEL; DEPENDENT DEMAND; PRODUCTION SYSTEM; ORDER QUANTITY; REWORK PROCESS; EOQ MODEL; RELIABILITY;
D O I
10.1007/s13042-015-0393-y
中图分类号
TP18 [人工智能理论];
学科分类号
081104 ; 0812 ; 0835 ; 1405 ;
摘要
This model illustrates an inventory model to obtain retailer's optimal replenishment policy for deteriorating items with fixed lifetime, shortages, and time dependent backorder rate. The backorder rate is assumed as a decreasing function of waiting time up to the next replenishment. The aim is to minimize the total relevant cost of the system. The necessary and sufficient conditions are derived analytically. Some lemmas are established for the existence and uniqueness of optimal solution. Finally, some numerical examples, sensitivity analysis, comparison with other models, study of non-considering lifetime of products along with graphical representations are provided to illustrate the proposed model. From the numerical example, this model proves more savings than Wu et al. (Int J Prod Econ 101:369-384, 2006).
引用
收藏
页码:121 / 133
页数:13
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