An inventory model for deteriorating items with exponential declining demand and partial backlogging
By Liang-Yuh Ouyang, Kun-Shan Wu, Mei-Chuan Cheng. 2005
94 citations recorded by the source corpus.
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. Keywords: Inventory, deteriorating items, exponential declining demand, partial backlogging.
Subfields: Control and Systems Engineering, Management Information Systems, Strategy and Management
View Paper: https://www.semanticscholar.org/paper/031135be6b1ce1209e41fb0f650457abf25e5ce2
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In Management Information Systems
In Strategy and Management
Citations in the corpus
- Deteriorating inventory model for time dependent demand and holding cost with partial backlogging (2011, background): “(2005) [25] developed an inventory model for deteriorating items with exponential declining demand and partial backlogging.”
- An inventory model for deteriorating items with time-dependent demand and time-varying holding cost under partial backlogging (2013, background): “Ouyang and Cheng (2005) developed an inventory model for deteriorating items with exponential declining demand and partial backlogging.”