A partial backlogging inventory model for non-instantaneous deteriorating items with stock-dependent consumption rate under inflation

Authors

  • Jinh Horng Chang Department of Business Administration, Asia University, Taichung, Taiwan, ROC Graduate Institute of Management Sciences, Tamkang University, Tamsui, Taiwan
  • Feng Wen Lin Department of Aviation Mechanical Engineering, China University of Science and Technology, Taipei, Taiwan

DOI:

https://doi.org/10.2298/YJOR1001035C

Keywords:

partial backlogging, non-instantaneous deterioration, stock-dependent demand, inflation

Abstract

In this paper, we derive a partial backlogging inventory model for noninstantaneous deteriorating items with stock-dependent demand rate under inflation over a finite planning horizon. We propose a mathematical model and theorem to find minimum total relevant cost and optimal order quantity. Numerical examples are used to illustrate the developed model and the solution process. Finally, a sensitivity analysis of the optimal solution with respect to system parameters is carried out.

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Published

2010-03-01

Issue

Vol. 20 No. 1 (2010)

Section

Research Articles

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