Developing a Partial Backlogging Deteriorating Inventory Model with Selling Price Dependant Demand Rate and Cycle Length Dependant Selling Price

被引:1
|
作者
Haji, A. [1 ]
Sabahno, H. [1 ]
Haji, R. [1 ]
机构
[1] Sharif Univ Technol, Dept Ind Engn, Tehran, Iran
关键词
Inventory control; dynamic programming; partial backlogging;
D O I
10.1109/IEEM.2008.4737859
中图分类号
F [经济];
学科分类号
02 ;
摘要
In this paper, we develop an inventory model with price dependant demand rate, under time value of money and inflation, finite time horizon, exponential backlogging rate and exponential deterioration rate with the objective of maximizing the present worth of the total system profit. Using a dynamic programming based solution algorithm, we are able to find the optimal sequence of the cycles and also to obtain different optimal selling prices and optimal order quantities for the cycles with unequal lengths, which have never been done before for our model. We also use a proper numerical example to show accuracy of the solution procedure.
引用
收藏
页码:198 / 202
页数:5
相关论文
共 50 条