A note on “Optimal replenishment policies for non-instantaneous deteriorating items with price and stock sensitive demand under permissible delay in payment”
學年 103
學期 1
出版（發表）日期 2014-09-01
作品名稱 A note on “Optimal replenishment policies for non-instantaneous deteriorating items with price and stock sensitive demand under permissible delay in payment”
作品名稱（其他語言）
著者 Wu, Jiang; Konstantina Skouri; Teng, Jinn-Tsair; Ouyang, Liang-Yuh
單位 淡江大學管理科學學系
出版者 Amsterdam: Elsevier BV
著錄名稱、卷期、頁數 International Journal of Production Economics 155, pp.324-329
摘要 Soni 2013. Int. J. Prod. Econ., 146 (1), 259–268 proposed optimal replenishment policies for non-instantaneous deteriorating items (i.e., the product starts deteriorating after a period of no-deterioration) with price and stock sensitive demand. With a stock-dependent demand, it is desirable to have non-zero ending inventory due to potential profit resulting from the increased demand. However, Soni 2013. Int. J. Prod. Econ., 146 (1), 259–268 treated those ending inventory as fresh stocks to go through another period of non-deterioration again. Additionally, he assumed for simplicity that the replenishment cycle time T must be longer than the period of non-deterioration td(i.e., T＞td). In reality, one should consider all possible replenishment cycle time to maximize the profit. In this note, we complement the shortcomings of his model by (i) selling those ending inventory as salvages, and (ii) considering all possible replenishment cycle time, which may be shorter than the period of non-deterioration. With these modifications the repeatability of the replenishment cycle is ensured and the applicability of Soni′s model is strengthened. The numerical examples indicate that the global optimal solution is indeed possible in the case of T≤td.
關鍵字 Inventory;Non-instantaneous deterioration;Stock-dependent demand;Trade credit
語言 en
ISSN 0925-5273
期刊性質 國外
收錄於 SCI EI
產學合作
通訊作者 Ouyang, Liang-Yuh
審稿制度 是
國別 NLD
公開徵稿
出版型式 ,電子版,紙本
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