Inventory lot-size policies for deteriorating items with expiration dates and advance payments
學年 105
學期 1
出版（發表）日期 2016-10-01
作品名稱 Inventory lot-size policies for deteriorating items with expiration dates and advance payments
作品名稱（其他語言）
著者 Jinn-Tsair Teng; Leopoldo Eduardo Cárdenas-Barrón; Horng-Jinh Chang; Jiang Wu; Yihang Hu
單位
出版者
著錄名稱、卷期、頁數 Applied Mathematical Modelling 40(19–20), pp.8605-8616
摘要 For deteriorating items with seasonal demand, a supplier usually requests that the buyer (retailer) prepays a fraction of the acquisition cost as a deposit. The expiration date of a deteriorating item is an important factor in a buyer's purchase decision. Despite its importance, relatively little attention has been paid to the effects of the expiration date; the versions of economic order quantity models that are available consider fixed deterioration rates. This paper considers a more realistic situation where the deterioration rate of a product gradually increases as the expiration date approaches. In this paper, the optimal cycle time and the cycle fraction of no shortages are the decision variables that minimize the total cost. The total annual relevant cost is shown to be strictly pseudo-convex for each of the decision variables, which simplifies the search for the global solution to a local minimum. This paper provides an improvement on earlier work, as it provides an optimal rather than a near-optimal solution. Several numerical examples are provided to illustrate the behaviour of the model and to highlight some managerial insights.
關鍵字 Inventory;Finance;Advance payments;Expiration dates;Deteriorating items
語言 en_US
ISSN 0307-904X
期刊性質 國外
收錄於 SCI
產學合作
通訊作者 Leopoldo Eduardo Cárdenas-Barrón
審稿制度 是
國別 USA
公開徵稿
出版型式 ,紙本
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