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A note on: A Replenishment Policy for items with Price-dependent Demand, time proportional Deterioration and No Storages.

Authors :
Shah, Nita H.
Soni, Hardik
Gupta, Jyoti
Source :
International Journal of Operational Research & Optimization; Jul-Dec2012, Vol. 3 Issue 2, p147-152, 6p, 1 Chart, 4 Graphs
Publication Year :
2012

Abstract

Begum et al. (DOI: 10.1080/00207721.2010.543481) developed replenishment policy when demand rate is price-sensitive, deterioration rate follows three parameters, Weibull distribution and shortages are not allowed. In the paper it is observed that that the retailer's inventory stock is zero before the deterioration of units start. This article rectifies the model formulation. The remodel is validated with a numerical example and the sensitivity analysis of parameters is carried out. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
09753737
Volume :
3
Issue :
2
Database :
Complementary Index
Journal :
International Journal of Operational Research & Optimization
Publication Type :
Academic Journal
Accession number :
89986604