Production-inventory system with finite production rate, stock-dependent demand, and variable holding cost
نویسندگان
چکیده
منابع مشابه
Production-inventory system with finite production rate, stock-dependent demand, and variable holding cost
In general, traditional production-inventory systems are based on a number of simplifying – but somewhat unrealistic – assumptions, including constant demand rate, constant holding cost, and instantaneous order replenishment. These assumptions have been individually challenged in numerous variations of production-inventory models. Finite production rate models, such as economic production quant...
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In this paper, we develop an inventory model under a stock-dependent demand rate and stockdependent holding cost rate with relaxed terminal conditions. Shortages are allowed and partially backlogged in the model. The purpose of this study is to determine the optimal order quantity and the ending inventory level such that the total profit per unit time is maximized for the retailer. We first est...
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Inventory models in which the demand rate depends on the inventory level are based on the common real-life observation that greater product availability tends to stimulate more sales. Previous models incorporating inventory-level dependent demand rate assume that the holding cost is constant for the entire inventory cycle. This paper considers the inventory policy for an item with a stock-level...
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ژورنال
عنوان ژورنال: RAIRO - Operations Research
سال: 2014
ISSN: 0399-0559,1290-3868
DOI: 10.1051/ro/2013058