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In this paper, a deterministic inventory model for deteriorating items with time-dependent backlogging rate is developed. The demand and deterioration rate are known, continuous, and differentiable function of price and time, respectively. Under these general assumptions, we first prove that the...
Persistent link: https://www.econbiz.de/10005336244
Pentico et al. [The EPQ with partial backordering and phase-dependent backordering rate. Omega 2011;39(5):574-7] recently proposed an EPQ model with partial backordering. They tried to determine the minimum average total cost per year from the three cases: to lose all sales, to meet all demand, and...
Persistent link: https://www.econbiz.de/10009195131
Considering an inventory system with a non-instantaneous deteriorating item, our objective is to study the effect of preservation technology investment on inventory decisions. The generalized productivity of invested capital, deterioration and time-depend partial backlogging rates are used to...
Persistent link: https://www.econbiz.de/10010608447
Researchers in the past have established their inventory lot-size models under trade credit financing by assuming that the demand rate is constant. However, from a product life cycle perspective, it is only in the maturity stage that demand is near constant. During the growth stage of a product...
Persistent link: https://www.econbiz.de/10010573977