Purchasing model for deteriorating items with time-varying demand under inflation and time discounting

Yihsu Lin, Chinho Lin

Research output: Contribution to journalArticlepeer-review

18 Citations (Scopus)

Abstract

The study proposes a purchasing model, which considers a case of time-varying deterioration, partial back-ordering that depends on the waiting time for backlogging, and time value of money over a finite horizon. The model integrates all possible real-world situations that may happen in dealing with an order quantity. We derive the lower bound of the replenishment for a specific planning horizon and propose a procedure to solve the problem.

Original languageEnglish
Pages (from-to)816-823
Number of pages8
JournalInternational Journal of Advanced Manufacturing Technology
Volume27
Issue number7-8
DOIs
Publication statusPublished - 2006 Jan 1

All Science Journal Classification (ASJC) codes

  • Control and Systems Engineering
  • Software
  • Mechanical Engineering
  • Computer Science Applications
  • Industrial and Manufacturing Engineering

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