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Article: INVENTORY REPLENISHMENT POLICIES FOR DETERIORATING ITEMS IN A DECLINING MARKET.
| Title | INVENTORY REPLENISHMENT POLICIES FOR DETERIORATING ITEMS IN A DECLINING MARKET. |
|---|---|
| Authors | |
| Issue Date | 1983 |
| Publisher | Taylor & Francis Ltd. The Journal's web site is located at http://www.tandf.co.uk/journals/titles/00207543.asp |
| Citation | International Journal Of Production Research, 1983, v. 21 n. 6, p. 813-826 How to Cite? |
| Abstract | Two mathematical models are developed for an inventory system in which the units are deteriorating at a constant rate and the demand rate decreases negative exponentially. In the first model it is assumed that replenishment orders are placed at equal intervals while in the second model the replenishment times are also variables and hence there is no need for the replenishment orders to be placed at equal intervals. Optimal replenishment policies are determined for both cases. A numerical example is used to illustrate the theory. |
| Persistent Identifier | http://hdl.handle.net/10722/155787 |
| ISSN | 2019 Impact Factor: 4.577 2015 SCImago Journal Rankings: 1.445 |
| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | Hollier, RH | en_US |
| dc.contributor.author | Mak, KL | en_US |
| dc.date.accessioned | 2012-08-08T08:37:46Z | - |
| dc.date.available | 2012-08-08T08:37:46Z | - |
| dc.date.issued | 1983 | en_US |
| dc.identifier.citation | International Journal Of Production Research, 1983, v. 21 n. 6, p. 813-826 | en_US |
| dc.identifier.issn | 0020-7543 | en_US |
| dc.identifier.uri | http://hdl.handle.net/10722/155787 | - |
| dc.description.abstract | Two mathematical models are developed for an inventory system in which the units are deteriorating at a constant rate and the demand rate decreases negative exponentially. In the first model it is assumed that replenishment orders are placed at equal intervals while in the second model the replenishment times are also variables and hence there is no need for the replenishment orders to be placed at equal intervals. Optimal replenishment policies are determined for both cases. A numerical example is used to illustrate the theory. | en_US |
| dc.language | eng | en_US |
| dc.publisher | Taylor & Francis Ltd. The Journal's web site is located at http://www.tandf.co.uk/journals/titles/00207543.asp | en_US |
| dc.relation.ispartof | International Journal of Production Research | en_US |
| dc.title | INVENTORY REPLENISHMENT POLICIES FOR DETERIORATING ITEMS IN A DECLINING MARKET. | en_US |
| dc.type | Article | en_US |
| dc.identifier.email | Mak, KL:makkl@hkucc.hku.hk | en_US |
| dc.identifier.authority | Mak, KL=rp00154 | en_US |
| dc.description.nature | link_to_subscribed_fulltext | en_US |
| dc.identifier.scopus | eid_2-s2.0-0020848169 | en_US |
| dc.identifier.volume | 21 | en_US |
| dc.identifier.issue | 6 | en_US |
| dc.identifier.spage | 813 | en_US |
| dc.identifier.epage | 826 | en_US |
| dc.publisher.place | United Kingdom | en_US |
| dc.identifier.scopusauthorid | Hollier, RH=6602740286 | en_US |
| dc.identifier.scopusauthorid | Mak, KL=7102680226 | en_US |