Optimal inventory system for deteriorated goods with time-varying demand rate function and advertisement cost

Palanivelu Saranya · Ekambaram Chandrasekaran

13 citations0/0 files storedArray

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Supply Chain and Inventory Management Sustainable Supply Chain Management Optimization and Mathematical Programming

Abstract

This research work presents a depleted demand inventory model with constant deterioration. The rate of change of demand is assumed to be a time-dependent function. Initial non-zero demand occurs due to advertisements. Advertisement cost is assumed to be constant. Two types of models are considered for two replenishment strategies viz., without shortages and with shortages. This study aims to obtain a suitable policy for replenishment for minimizing the total inventory cost. Four examples about the alterations made in the optimal solutions due to different values of independent parameters used in the models are considered and discussed. Sensitivity analysis is done and numerical illustrations are provided for validating the approach presented.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 13 citations exist upstream.

References

1973An EOQ Model for Items with Weibull Distribution Deterioration 1975Optimum production lot size model for a system with deteriorating inventory 2007Inventory models with ramp type demand rate, partial backlogging and Weibull deterioration rate 1998An EOQ model for items with Weibull distribution deterioration, shortages and trended demand: An extension of Philip's model 2004An EOQ model with ramp type demand rate, time dependent deterioration rate, unit production cost and shortages 1998Order level inventory system with ramp type demand rate for deteriorating items 2007Optimal replenishment policy for perishable seasonal products in a season with ramp-type time dependent demand 2013An Economic order quantity model for Items with Three-parameter Weibull distribution Deterioration, Ramp-type Demand and Shortages

Cited by

2024A comprehensive analysis of linear and non-linear deterioration rates in dual-warehouse inventory systems

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.