Optimal Ordering Policy for Deteriorating Items with Partial Backlogging under Permissible Delay in Payments
學年 94
學期 2
出版(發表)日期 2006-02-01
作品名稱 Optimal Ordering Policy for Deteriorating Items with Partial Backlogging under Permissible Delay in Payments
作品名稱(其他語言)
著者 Ouyang, Liang-yuh
單位 淡江大學經營決策學系
出版者 Springer
著錄名稱、卷期、頁數 Journal of Global Optimization 34(2), p.245-271
摘要 In 1985, Goyal developed an Economic order quantity (EOQ) model under conditions of permissible delay in payments. Jamal et al. then generalized Goyal’s model for deteriorating items with completely backlogging. However, they only ran several simulations to indicate that the total relevant cost may be convex. Recently, Teng amended Goyal’s model by considering the difference between unit price and unit cost, and provided an alternative conclusion that it makes economic sense for some retailers to order less quantity and take the benefits of the permissible delay more frequently. However, he did not consider deteriorating items and partial backlogging. In this paper, we establish a general EOQ model for deteriorating items when the supplier offers a permissible delay in payments. For generality, our model allows not only the partial backlogging rate to be related to the waiting time but also the unit selling price to be larger than the unit purchase cost. Consequently, the proposed model includes numerous previous models as special cases. In addition, we mathematically prove that the total relevant cost is strictly pseudo-convex so that the optimal solution exists and is unique. Finally, our computational results reveal six managerial phenomena.
關鍵字 deteriorating items;finance;inventory;partial backlogging
語言 en
ISSN 0925-5001
期刊性質 國內
收錄於
產學合作
通訊作者
審稿制度
國別 TWN
公開徵稿
出版型式 ,電子版
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