A single cycle perishable inventory model with time dependent quadratic ramp-type demand and partial backlogging (Q840574)
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scientific article; zbMATH DE number 5603390
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| English | A single cycle perishable inventory model with time dependent quadratic ramp-type demand and partial backlogging |
scientific article; zbMATH DE number 5603390 |
Statements
A single cycle perishable inventory model with time dependent quadratic ramp-type demand and partial backlogging (English)
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13 September 2009
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Summary: In order to analyse the behaviour of the inventory level of a product level after its introduction to the market, a single item perishable inventory model is developed in this paper. It is assumed that the demand is a time-dependent accelerated growth-effect of accelerated growth-steady type. The deterioration of inventory starts after a certain time. Shortages are allowed and are partially backlogged. The profit function is derived with unique existence of the solution being established. A numerical example is presented while the sensitivity of the model is examined. The rationale of time-dependent quadratic ramp-type demand is discussed.
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inventory models
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deterioration
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shortage
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ramp-type quadratic demand
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single cycle perishable inventory
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partial backlogging
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inventory levels
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demand patterns
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first replenishment cycle
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new product launch
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0.8788044452667236
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0.8622285723686218
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0.8593704700469971
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0.8578351736068726
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