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    Please use this identifier to cite or link to this item: https://tkuir.lib.tku.edu.tw/dspace/handle/987654321/90309

    Title: A comprehensive extension of optimal ordering policy for stock-dependent demand under progressive payment scheme
    Authors: Teng, Jinn-Tsair;Krommyda, Iris-Pandora;Skouri, Konstantina;Lou, Kuo-Ren
    Contributors: 淡江大學管理科學學系
    Keywords: Inventory;Stock-dependent demand;Progressive payment scheme;Deteriorating items
    Date: 2011-11
    Issue Date: 2013-06-11 09:47:03 (UTC+8)
    Publisher: Amsterdam: Elsevier BV * North-Holland
    Abstract: In a recent paper, Soni and Shah (2008) presented an inventory model with a stock-dependent demand under progressive payment scheme, assuming zero ending-inventory and adopting a cost-minimization objective. However, with a stock-dependent demand a non-zero ending stock may increase profits resulting from the increased demand. This work is motivated by Soni and Shah’s (2008) paper extending their model to allow for: (1) a non-zero ending-inventory, (2) a profit-maximization objective, (3) a limited inventory capacity and (4) deteriorating items with a constant deterioration rate. For the resulted model sufficient conditions for the existence and uniqueness of the optimal solution are provided. Finally, several economic interpretations of the theoretical results are also given.
    Relation: European Journal of Operational Research 215(1), pp.97–104
    DOI: 10.1016/j.ejor.2011.05.056
    Appears in Collections:[Department of Management Sciences] Journal Article

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