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Article: INVENTORY REPLENISHMENT POLICIES FOR DETERIORATING ITEMS IN A DECLINING MARKET.

TitleINVENTORY REPLENISHMENT POLICIES FOR DETERIORATING ITEMS IN A DECLINING MARKET.
Authors
Issue Date1983
PublisherTaylor & 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?
AbstractTwo 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 Identifierhttp://hdl.handle.net/10722/155787
ISSN
2023 Impact Factor: 7.0
2023 SCImago Journal Rankings: 2.668
ISI Accession Number ID

 

DC FieldValueLanguage
dc.contributor.authorHollier, RHen_US
dc.contributor.authorMak, KLen_US
dc.date.accessioned2012-08-08T08:37:46Z-
dc.date.available2012-08-08T08:37:46Z-
dc.date.issued1983en_US
dc.identifier.citationInternational Journal Of Production Research, 1983, v. 21 n. 6, p. 813-826en_US
dc.identifier.issn0020-7543en_US
dc.identifier.urihttp://hdl.handle.net/10722/155787-
dc.description.abstractTwo 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.languageengen_US
dc.publisherTaylor & Francis Ltd. The Journal's web site is located at http://www.tandf.co.uk/journals/titles/00207543.aspen_US
dc.relation.ispartofInternational Journal of Production Researchen_US
dc.titleINVENTORY REPLENISHMENT POLICIES FOR DETERIORATING ITEMS IN A DECLINING MARKET.en_US
dc.typeArticleen_US
dc.identifier.emailMak, KL:makkl@hkucc.hku.hken_US
dc.identifier.authorityMak, KL=rp00154en_US
dc.description.naturelink_to_subscribed_fulltexten_US
dc.identifier.scopuseid_2-s2.0-0020848169en_US
dc.identifier.volume21en_US
dc.identifier.issue6en_US
dc.identifier.spage813en_US
dc.identifier.epage826en_US
dc.identifier.isiWOS:A1983RT31700002-
dc.publisher.placeUnited Kingdomen_US
dc.identifier.scopusauthoridHollier, RH=6602740286en_US
dc.identifier.scopusauthoridMak, KL=7102680226en_US
dc.identifier.issnl0020-7543-

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