An inventory model for deteriorating items with stock and price dependent demand is developed. Holding cost is considered as function of time. Shortages are allowed and completely backlogged. Numerical example is provided to illustrate the model and sensitivity analysis is also carried out for parameters.

In this paper, an inventory replenishment model for deteriorating items is developed. Demand for the item varies with time over a finite planning horizon, during which shortages are allowed and are completely back-ordered. The objective is to determine a replenishment policy that minimizes the total inventory cost. A search procedure based on Genetic Algorithm (GA) is presented and illustrated ...

We studied the inventory control of deteriorating items for suppliers under VMI model. The cost structure and the optional strategies for this model were first discussed. Bi-level programming models of integrated delivery strategies were established. We introduced the genetic algorithm to solve the problem. Finally the merit and demerit of each model and the adaptability were analyzed. 2011 Els...

todays, improving the competitiveness of companies and rapidly responding to diverse customers’ demands requires efficient management of the supply chain. integration is one of the effective indices in a supply chain, and vendor managed inventory (vmi) is one of the innovative approaches in this field. in this paper, an integrated model based on a vmi system for deteriorating and ameliorating i...

An inventory model with 3-variable Weibull distribution demand rate and constant deterioration is developed. The holding cost is constant. Shortages are not allowed. The salient feature of this inventory model is for non-perishable products or deteriorating items. A numerical example has been illustrated using MATLAB to describe the model and the sensitivity analysis of various parameters is ca...

In this paper we develop an inventory model, to determine the optimal ordering quantities, for a set of two substitutable deteriorating items. In this inventory model the inventory level of both items depleted due to demands and deterioration and when an item is out of stock, its demands are partially fulfilled by the other item and all unsatisfied demand is lost. Each substituted item incurs a...