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An order-level lot size inventory model with inventory-level dependent demand and deterioration
- Source :
- International Journal of Production Economics. Feb 14, 1997, Vol. 48 Issue 3, p227, 10 p.
- Publication Year :
- 1997
-
Abstract
- An inventory model is derived for the lot-size order-level system with finite production rate and inventory-level dependent demand and deterioration. Since the model factored in flexibility of varying demand, it can solve all combinations of deterioration or no deterioration and varying or constant demands. The model also closely represents real-life situations as it assumed a decrease in demand with the deterioration rate.
Details
- ISSN :
- 09255273
- Volume :
- 48
- Issue :
- 3
- Database :
- Gale General OneFile
- Journal :
- International Journal of Production Economics
- Publication Type :
- Periodical
- Accession number :
- edsgcl.19364216