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A note on the inventory models for deteriorating items with ramp type demand rate

Authors :
Robert H.-J. Lin
Peter Shaohua Deng
Peter C. Chu
Source :
European Journal of Operational Research. 178:112-120
Publication Year :
2007
Publisher :
Elsevier BV, 2007.

Abstract

In this research we study the inventory models for deteriorating items with ramp type demand rate. We first clearly point out some questionable results that appeared in (Mandal, B., Pal, A.K., 1998. Order level inventory system with ramp type demand rate for deteriorating items. Journal of Interdisciplinary Mathematics 1, 49–66 and Wu, K.S., Ouyang, L.Y., 2000. A replenishment policy for deteriorating items with ramp type demand rate (Short Communication). Proceedings of National Science Council ROC (A) 24, 279–286). And then resolve the similar problem by offering a rigorous and efficient method to derive the optimal solution. In addition, we also propose an extended inventory model with ramp type demand rate and its optimal feasible solution to amend the incompleteness in the previous work. Moreover, we also proposed a very good inventory replenishment policy for this kind of inventory model. We believe that our work will provide a solid foundation for the further study of this sort of important inventory models with ramp type demand rate.

Details

ISSN :
03772217
Volume :
178
Database :
OpenAIRE
Journal :
European Journal of Operational Research
Accession number :
edsair.doi...........925e688d3e89b15c71e86015b34d3d85
Full Text :
https://doi.org/10.1016/j.ejor.2006.01.028