A Demand Independent Inventory Model
Yugoslav journal of operations research, Tome 23 (2013) no. 1, p. 129
Cet article a éte moissonné depuis la source eLibrary of Mathematical Institute of the Serbian Academy of Sciences and Arts
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.
Keywords: Inventory model, Deteriorating item, Partially backlogged.
@article{YJOR_2013_23_1_a8,
author = {Jennifer Lin and Henry Chao and Peterson Julian},
title = {A {Demand} {Independent} {Inventory} {Model}},
journal = {Yugoslav journal of operations research},
pages = {129 },
year = {2013},
volume = {23},
number = {1},
language = {en},
url = {http://geodesic.mathdoc.fr/item/YJOR_2013_23_1_a8/}
}
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/