An inventory model for ameliorating and deteriorating items taking account of time value of money and finite planning horizon

DOI10.1080/00207720801902523zbMath1283.90010OpenAlexW2132156133MaRDI QIDQ5402765

Hui-Ming Wee, Hsiao Ching Chen, Jonas C. P. Yu, Sh-Tyan Lo

Publication date: 17 March 2014

Published in: International Journal of Systems Science (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1080/00207720801902523

zbMATH Keywords

Weibull distributionfinite planning horizondeteriorationtime value of moneyamelioration

Mathematics Subject Classification ID

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Cites Work

• Economic Order Quantity model with Weibull deterioration distribution, shortage and ramp-type demand
• An optimal solution of a general lot size inventory model with deteriorated and imperfect products, taking into account inflation and time value of money
• A backward recursive algorithm for inventory lot-size models with power-form demand and shortages
• Inventory model for deteriorating items and time value of money for a finite time horizon under the permissible delay in payments
• Optimal inventory replenishment models for deteriorating items taking account of time discounting
• Inventory systems for deteriorating items with shortages and a linear trend in demand-taking account of time value

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