Advanced Search

Query:

Fill in the form and click »Search«...

Format:

Display: entries per page entries

Zbl 1103.90312
Yang, Hui-Ling
Two-warehouse inventory models for deteriorating items with shortages under inflation. (English)
[J] Eur. J. Oper. Res. 157, No. 2, 344-356 (2004). ISSN 0377-2217

Summary: The two-warehouse inventory problem for deteriorating items with constant demand rate and shortages under inflation is considered. In contrast to the traditional deterministic two-warehouse inventory model with shortages at the end of each replenishment cycle, an alternative model in which each cycle begins with shortages and ends without shortages is proposed here. The optimal solution not only exists but also is unique. Comparing these two two-warehouse inventory models, the study shows that the proposed model is less expensive to operate than the traditional one in the case of the inflation rate is greater than zero. Hence, under the consideration of inflationary effect, the proposed model is less expensive. Finally, some numerical examples for illustration are provided.

MSC 2000:: *90B05 Inventory management

Keywords: Inventory; Warehouse; Deterioration; Shortages; Inflation

Cited in: Zbl 1144.90005

Comment on this Item PDF MathML XML ASCII DVI PS BibTeX Online Ordering Article Journal

	Scientific prize winners of the ICM 2010
	Overhang
	Lie groups, physics and geometry. An introduction for physicists, engineers and chemists.

Advanced Search

Zentralblatt MATH Berlin [Germany]