A Production-Delivery Inventory System under Continuous Price Decrease and Finite Planning Horizon
نویسندگان
چکیده
In today’s competitive world, the cost of high-tech products declines significantly over their life cycle. An inventory model for such products is developed for an ordering policy of raw materials, and finished goods which is delivered to the customer at a fixed interval of time in a fixed quantity. This model integrates the raw material inventory with the finished goods inventory along the supply chain. The goal of this research is to minimize the total cost of the supply chain while the price of the high-tech product is linearly decreasing.
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