Demand considered in most of the classical inventory models is constant, while in most of the practical cases the demand changes with time. In this article, an inventory model is developed with time dependent two parameter weibull demand rate whose deterioration rate increases with time. Each cycle has shortages, which have been partially backlogged to suit present day competition in the market...

Joint economic lot sizing (JELS) addresses integrated inventory models in a supply chain. Most of the studies in this field either do not consider the role of the transportation cost in their analysis or consider transportation cost as a fixed part of the ordering costs. In this article, a model is developed to analyze an incremental quantity discount in transportation cost. Appropriate equatio...

this paper considers the fuzzy inventory model for deteriorating items for power demand under fully backlogged conditions. we define various factors which are affecting the inventory cost by using the shortage costs. an intention of this paper is to study the inventory modelling through fuzzy environment. inventory parameters, such as holding cost, shortage cost, purchasing cost and deteriorati...

This study formulates a two-objective model by individually minimizing shipping costs and inventory costs to decide whether to route a shipment through a hub or directly to its destination. First, shipping and inventory cost functions are formulated for a multi-port calling route. Shipping costs include capital and operating cost, fuel cost and port charge, while inventory costs include waiting...

Solving Robust Inventory Problems In this work we consider setting the optimal inventory control policies for a single buffer when demand is uncertain, in a robust framework. Unlike traditional inventory models we do not assume that the demand is random with a known distribution. Instead, demand can take values from a given uncertainty set. Our objective is to find the policy that minimize the ...

This paper develops a more general production-inventory model for a single-vendor–single-buyer integrated system. Unlike the hitherto existing production-inventory models for the vendor–buyer system, the present model neither requires the buyer’s unit holding cost greater than the vendor’s nor assumes the structure of shipment policy. Secondly, the model is extended to the situation with shorta...