An inventory model for deteriorating items with exponential declining demand and partial backlogging

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Title:	An inventory model for deteriorating items with exponential declining demand and partial backlogging
Authors:	歐陽良裕;Ouyang, Liang-yuh;Wu, Kun-shan;Cheng, Mei-chuan
Contributors:	淡江大學經營決策學系
Keywords:	Inventory;deteriorating items;exponential declining demand;partial backlogging
Date:	2005
Issue Date:	2009-11-30 12:24:21 (UTC+8)
Publisher:	University of Belgrade, Faculty of Organizational Sciences Laboratory for Operations Research
Abstract:	This study proposes an EOQ inventory mathematical model for deteriorating items with exponentially decreasing demand. In the model, the shortages are allowed and partially backordered. The backlogging rate is variable and dependent on the waiting time for the next replenishment. Further, we show that the minimized objective cost function is jointly convex and derive the optimal solution. A numerical example is presented to illustrate the model and the sensitivity analysis is also studied.
Relation:	Yugoslav Journal of Operations Research 15(2), pp.277-288
DOI:	10.2298/YJOR0502277O
Appears in Collections:	[Department of Management Sciences] Journal Article [Graduate Institute & Department of Business Administration] Journal Article

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