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

Authors

  • Liang-Yuh Ouyang Tamkang University - Department of Management Sciences and Decision Making, Tamsui, Taiwan
  • Kun-Shan Wu Tamkang University - Department of Business Administration, Tamsui, Taiwan
  • Mei-Chuan Cheng Graduate Institute of Management Sciences, Tamkang University, Tamsui, Taiwan

DOI:

https://doi.org/10.2298/YJOR0502277O

Keywords:

inventory, deteriorating items, exponential declining demand, partial backlogging

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.

References

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Published

2005-09-01

Issue

Vol. 15 No. 2 (2005)

Section

Research Articles

License

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