A comprehensive extension of optimal ordering policy for stock-dependent demand under progressive payment scheme

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题名:	A comprehensive extension of optimal ordering policy for stock-dependent demand under progressive payment scheme
作者:	Teng, Jinn-Tsair;Krommyda, Iris-Pandora;Skouri, Konstantina;Lou, Kuo-Ren
贡献者:	淡江大學管理科學學系
关键词:	Inventory;Stock-dependent demand;Progressive payment scheme;Deteriorating items
日期:	2011-11
上传时间:	2013-06-11 09:47:03 (UTC+8)
出版者:	Amsterdam: Elsevier BV * North-Holland
摘要:	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.
關聯:	European Journal of Operational Research 215(1), pp.97–104
DOI:	10.1016/j.ejor.2011.05.056
显示于类别:	[管理科學學系暨研究所] 期刊論文

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