Optimization of a multi-item inventory model for deteriorating items with capacity constraint using dynamic programming

DOI10.3934/JIMO.2021013MaRDI QIDQ2076382zbMATH OpenOpenAlexFDO

Authors M. Karimi, Seyed Jafar Sadjadi

Publication date 16 February 2022

Published in Journal of Industrial and Management Optimization (Search for Journal in Brave)

Full work available at URL https://doi.org/10.3934/jimo.2021013

zbMATH Keywords

capacity constraintdeteriorating itemsdynamic programminginventory controlknapsack problemmulti-item

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05) Transportation, logistics and supply chain management (90B06) Nonconvex programming, global optimization (90C26) Dynamic programming (90C39) Approximation methods and heuristics in mathematical programming (90C59)

Cites work

• A production inventory model with deteriorating items and shortages
• A production--inventory model for a deteriorating item with trended demand and shortages
• An economic order quantity for deteriorating items with allowable rework of deteriorated products
• Deterministic inventory model for deteriorating items with capacity constraint and time-proportional backlogging rate
• Inventory lot-size policies for deteriorating items with expiration dates and advance payments
• Multi-warehouse partial backlogging inventory system with inflation for non-instantaneous deteriorating multi-item under imprecise environment
• Optimal credit period and lot size for deteriorating items with expiration dates under two-level trade credit financing
• Optimal ordering policy in an economic order quantity (EOQ) model for non-instantaneous deteriorating items with defective quality and permissible delay in payments
• Recent trends in modeling of deteriorating inventory

Cited in

(3)

• Optimization of an economic ordering quantity model for non-instantaneous deteriorating items with ordering time constraint using dynamic programming
• Multistage global supply chain inventory model with the impact of carbon tariffs for deteriorating items
• Optimal inventory management strategies for sequentially convertible items with different distribution patterns: a comprehensive stochastic approach

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