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An EOQ model for deteriorating items with partial backlogging and financial considerations

Author

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  • M. Ghandehari
  • M. Dezhtaherian

Abstract

One of the important issues in the framework of supply chain is to determine the inventory control policy. In this regard, perishable goods are highly important due to their specific characteristics. In the present study, an inventory model for deteriorating items will be proposed considering constant demand, time value of money, and inflation. Deterioration begins immediately after the entrance of inventory into the warehouse. Delayed payment is allowable and degree of deterioration is fixed. Partially backlogged shortage is also considered and the purpose is to minimise total cost of the inventory system in a finite planning horizon. An exact algorithm was developed in this study for solving the problem and finally some numerical examples were presented. Sensitivity analysis was carried out on some of the important and basic parameters and the results were compared with the state where there is no partial backlogging.

Suggested Citation

  • M. Ghandehari & M. Dezhtaherian, 2019. "An EOQ model for deteriorating items with partial backlogging and financial considerations," International Journal of Services and Operations Management, Inderscience Enterprises Ltd, vol. 32(3), pages 269-284.
    • Handle: RePEc:ids:ijsoma:v:32:y:2019:i:3:p:269-284
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    Citations

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    Cited by:

    1. Mrudul Y. Jani & Heta A. Patel & Amrita Bhadoriya & Urmila Chaudhari & Mohamed Abbas & Malak S. Alqahtani, 2023. "Deterioration Control Decision Support System for the Retailer during Availability of Trade Credit and Shortages," Mathematics, MDPI, vol. 11(3), pages 1-27, January.
    2. Manik Debnath & Sanat Kr. Mazumder & Md Billal Hossain & Arindam Garai & Csaba Balint Illes, 2023. "Optimal Base-Stock Inventory-Management Policies of Cement Retailers under Supply-Side Disruptions," Mathematics, MDPI, vol. 11(18), pages 1-34, September.

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