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On an inventory model for deteriorating items and time-varying demand

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  • Lakdere Benkherouf
  • Zaid Balkhi

Abstract

In this paper, we present an optimal procedure for finding the replenishment schedule for the inventory system in which items deteriorate over time and demand rates are increasing over a known and finite planning horizon. Copyright Physica-Verlag 1997

Suggested Citation

  • Lakdere Benkherouf & Zaid Balkhi, 1997. "On an inventory model for deteriorating items and time-varying demand," Mathematical Methods of Operations Research, Springer;Gesellschaft für Operations Research (GOR);Nederlands Genootschap voor Besliskunde (NGB), vol. 45(2), pages 221-233, June.
    • Handle: RePEc:spr:mathme:v:45:y:1997:i:2:p:221-233
    DOI: 10.1007/BF01193862
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    References listed on IDEAS

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    1. Hariga, Moncer A. & Benkherouf, Lakdere, 1994. "Optimal and heuristic inventory replenishment models for deteriorating items with exponential time-varying demand," European Journal of Operational Research, Elsevier, vol. 79(1), pages 123-137, November.
    2. Benkherouf, Lakdere, 1995. "On an inventory model with deteriorating items and decreasing time-varying demand and shortages," European Journal of Operational Research, Elsevier, vol. 86(2), pages 293-299, October.
    3. Pal, S. & Goswami, A. & Chaudhuri, K. S., 1993. "A deterministic inventory model for deteriorating items with stock-dependent demand rate," International Journal of Production Economics, Elsevier, vol. 32(3), pages 291-299, November.
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    Cited by:

    1. Dye, Chung-Yuan, 2013. "The effect of preservation technology investment on a non-instantaneous deteriorating inventory model," Omega, Elsevier, vol. 41(5), pages 872-880.
    2. Goyal, S. K. & Giri, B. C., 2001. "Recent trends in modeling of deteriorating inventory," European Journal of Operational Research, Elsevier, vol. 134(1), pages 1-16, October.
    3. Gilding, Brian H., 2014. "Inflation and the optimal inventory replenishment schedule within a finite planning horizon," European Journal of Operational Research, Elsevier, vol. 234(3), pages 683-693.
    4. Dye, Chung-Yuan & Yang, Chih-Te, 2016. "Optimal dynamic pricing and preservation technology investment for deteriorating products with reference price effects," Omega, Elsevier, vol. 62(C), pages 52-67.
    5. Balkhi, Zaid T., 2001. "On a finite horizon production lot size inventory model for deteriorating items: An optimal solution," European Journal of Operational Research, Elsevier, vol. 132(1), pages 210-223, July.

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    Keywords

    Inventory systems; Deteriorating items;

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