A Demand Independent Inventory Model
Yugoslav journal of operations research, Tome 23 (2013) no. 1, p. 129 .

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European Journal of Operational Research. We have generalized their model from ramp type demand to arbitrary positive demand while theoretically discovering an important phenomenon: the optimal solution is actually independent of the demand as pointed out by Wou (2010), Hung (2011) and Lin (2011). We extend their inventory models in which the deteriorated rate is any non-negative function and backlog rate is inversely linearly related to the waiting time. Our findings will provide a new inventory system to help decision makers decide the optimal ordering quantity and replenishment policy.
Classification : 90B05.
Keywords: Inventory model, Deteriorating item, Partially backlogged.
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Jennifer Lin; Henry Chao; Peterson Julian. A Demand Independent Inventory Model. Yugoslav journal of operations research, Tome 23 (2013) no. 1, p. 129 . http://geodesic.mathdoc.fr/item/YJOR_2013_23_1_a8/