In this paper, an purchasing inventory model for deteriorating items is developed with a linear, positive trend in demand, allowing inventory shortages and backlogging. It is assumed that the goods in the inventory deteriorate over time at a constant rate . Two models are developed for two operational policies. The first policy covers the case that the inventory model with linear demand for det...

We consider a single-period inventory model where there are risks associated with the uncertainty in demand as well as supply. Furthermore, the randomness in demand and supply is correlated with the …nancial markets. Recent literature provides ample evidence on this issue. The inventory manager may then exploit this correlation and manage his risks by investing in a portfolio of …nancial instru...

In some retail contexts, higher inventories not only improve service levels, but also stimulate demand by serving as a promotional tool (e.g., by increasing product visibility). Motivated by a building-products retailer’s practice of stocking large quantities of products to stimulate demand, we study inventory management policies when demand is uncertain but increases with stocking quantity. Fo...

This paper presents the new mathematical model for determining the optimal ordering policy for industrial and commercial companies. In the previous research, the numerous inventory models under inflationary conditions have been developed. In these models, the demand rate, usually, has been considered constant and well known, time-varying, stock dependent or price-dependent. But, the demand rate...

In this research, we consider a retailer selling products from two different generations, both with limited inventory over a predetermined selling horizon. Due to the spatial constraints or the popularity of a given product, the retailer may only display goods from one specific generation. If the transaction of the displayed item cannot be completed, the retailer may provide an alternative from...

This study considers a supply chain that consists of n retailers, each of them facing a newsvendor problem, and a supplier. Groups of retailers might increase their expected joint profit by joint ordering and inventory centralization. However, we assume that the retailers impose some level of stock that should be dedicated to them. In this situation, we show that the associated cooperative game...

In this paper, we investigate retailer’s procurement policy of a perishable item that has stock-dependent demand rate. Stock-dependent demand rate implicitly implies that all items in inventory are displayed for sale. In this case, the retailer tends to display sales items such a way that FIFO policy can be enforced, while prudent customers search for freshest items, which results in LIFO polic...

on time supply of materials in construction projects is very important. therefore, coordinating a project with key suppliers, while ensuring the timely supply of materials, make the minimum costs of project. one way to create this coordination is integrated inventory planning which has been accomplished in this study. it is necessary to mention that such a model is considered np_hard in terms o...

inventory models play an important role in determining the optimal ordering and pricing policies. much work has been reported in literature regarding inventory models with finite or infinite replenishment. but in many practical situations the replenishment is governed by random factors like procurement, transportation, environmental condition, availability of raw material etc., hence, it is nee...