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THE EFFECT OF CREDIT PERIOD ON THE OPTIMAL LOT SIZE FOR DETERIORATING ITEMS WITH TIME VARYING DEMAND AND DETERIORATION RATES.
- Source :
- Asia-Pacific Journal of Operational Research; Jun2005, Vol. 22 Issue 2, p211-227, 17p
- Publication Year :
- 2005
-
Abstract
- In this paper, we present an inventory model for deteriorating items with time varying demand and deterioration rates when the credit period depends on the retailer's ordering quantity. We also provide simple solution procedures for finding the optimal replenishment period and show in a rigorous way that the policy suggested is indeed optimal. Further, we use numerical examples to illustrate the model and conclude the paper with suggestions for possible future research. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 02175959
- Volume :
- 22
- Issue :
- 2
- Database :
- Complementary Index
- Journal :
- Asia-Pacific Journal of Operational Research
- Publication Type :
- Academic Journal
- Accession number :
- 17648725
- Full Text :
- https://doi.org/10.1142/S0217595905000546