A DISCRETE‐IN‐TIME PROBABILISTIC INVENTORY MODEL FOR DETERIORATING ITEMS

Upendra Dave · M. C. Jaiswal

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Supply Chain and Inventory Management Reliability and Maintenance Optimization Sustainable Supply Chain Management

Abstract

Abstract A probabilistic scheduling‐period inventory model continuous in units and discrete in time is developed for deteriorating items where deterioration is assumed to be a constant fraction of the on‐hand inventory. The model is developed under the conditions of instantaneous delivery and no shortages. An example followed by sensitivity analysis is given to illustrate the derived results.

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References

1973An EOQ Model for Items with Weibull Distribution Deterioration 1975Optimum production lot size model for a system with deteriorating inventory 1974A Generalized EOQ Model for Items with Weibull Distribution Deterioration 1977An Order-Level Lot-Size Inventory Model for Deteriorating Items 1979On a Discrete-in-Time Order-Level Inventory Model for Deteriorating Items 1977A periodic review inventory model for items that deteriorate continuously in time 1978( s, qp) System inventory model for deteriorating items

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1991Survey of Literature on Continuously Deteriorating Inventory Models

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