Note on a deterministic lot-size inventory model for deteriorating items with shortages and a declinig market (Q1265863): Difference between revisions

From MaRDI portal
Import240304020342 (talk | contribs)
Set profile property.
ReferenceBot (talk | contribs)
Changed an Item
Property / cites work
 
Property / cites work: A deterministic lot-size inventory model for deteriorating items with shortages and a declining market / rank
 
Normal rank
Property / cites work
 
Property / cites work: On an inventory model with deteriorating items and decreasing time-varying demand and shortages / rank
 
Normal rank
Property / cites work
 
Property / cites work: On an Inventory Model for Deteriorating Items With Increasing Time-varying Demand and Shortages / rank
 
Normal rank

Revision as of 15:13, 28 May 2024

scientific article
Language Label Description Also known as
English
Note on a deterministic lot-size inventory model for deteriorating items with shortages and a declinig market
scientific article

    Statements

    Note on a deterministic lot-size inventory model for deteriorating items with shortages and a declinig market (English)
    0 references
    0 references
    5 May 1999
    0 references
    Recently, \textit{H.-M. Wee} [Comput. Oper. Res. 22, No. 3, 345-356 (1995; Zbl 0827.90050)] considered an inventory model for deteriorating items with exponentially decreasing demand rates and shortages over a finite planning horizon. A heuristic based on equal replenishment periods was suggested for both complete and partial backlogging. The aim of this short note is threefold: (1) We show that optimal solutions for a more general models exist. (2) We show that under the assumptions of Wee, the optimal procedure is independently from the form of the demand rate. I assume complete backlogging. Partial backlogging can be handled in a similar fashion. (3) We show that the procedure suggested by Wee and generalized here leads indeed to the optimal replenishment schedule, a fact not contained in the previous articles of Wee or the author.
    0 references
    deteriorating items
    0 references
    finite planning horizon
    0 references
    heuristic
    0 references
    optimal replenishment schedule
    0 references

    Identifiers