February, 2008 We consider supplier diversification in an EOQ type inventory setting with multiple suppliers under binomial yield and zero leadtimes. We characterize the optimal policy for the model and show that, in this case, it does not pay to diversify and it is better to use a sole supplier. This result constitutes a contrast with the previous ones in the literature assuming various yield ...

This paper presents inventory models for perishable items with stock dependent selling rate. The selling rate is assumed to be a function of current inventory level and rate of deterioration is taken to be constant. Under instantaneous replenishment with zero lead time, the model incorporates aspects such as complete, partial, and no backlogging. EOQ is determined for maximizing the total profi...

An inventory management system for defective items with backordered shortages is explored, in which we assume that the quality of an ordered lot is not always 100% perfect, so a screening process to each product is conducted to split that lot into perfect and defective products. Meanwhile, the defective products include imperfect and scrap ones, which will be sold at a discount price and dispos...