demand is assumed constant in the classical economic order quantity (eoq) model. however, in the real world, the demand is dependent on many factors such as the selling price, warranty of product and marketing effort. in addition pricing and ordering quantity decisions are interdependent for a seller when demand for the product is price sensitive in the inventory models. these types of models a...

This paper studies a manufacturing remanufacturing system composed by two parallel machines, a serviceable inventory, a remanufacturing inventory and a customer which demands a constant quantity of part. Taking into account the return of the used part and the maintenance action, discrete flow model is used to model and to simulate the system. The goal of this work is to evaluate the optimal ser...

In this paper we study a periodic review inventory model with stock dependent demand. When stock on hand is zero, the inventory manager offers a price discount to customers who are willing to backorder their demand. Permissible delay in payments allowed to the inventory manager is also taken into account. Numerical examples are cited to illustrate the model.

in paper (2004) chang studied an inventory model under a situation in which the supplier provides the purchaser with a permissible delay of payments if the purchaser orders a large quantity. tripathi (2011) also studied an inventory model with time dependent demand rate under which the supplier provides the purchaser with a permissible delay in payments. this paper is motivated by chang (2004) ...

In most stochastic inventory models, such as continuous review models and periodic review models, it has been assumed that the stockout period during a cycle is small enough to be neglected so that the average number of cycles per year can be approximated as D/Q, where D is the average annual demand and Q is the order quantity. This assumption makes the problem more tactable, but it should not ...

In most stochastic inventory models, such as continuous review models and periodic review models, it has been assumed that the stockout period during a cycle is small enough to be neglected so that the average number of cycles per year can be approximated as D/Q, where D is the average annual demand and Q is the order quantity. This assumption makes the problem more tactable, but it should not ...

This paper discusses why the selection of a finite planning horizon is preferable to an infinite one for a replenishment policy of production inventory models. In a production inventory model, the production rate is dependent on both the demand rate and the inventory level. When there is an exponentially decreasing demand, the application of an infinite planning horizon model is not suitable. T...

In this paper we present a model and solution procedures of the Inventory Routing Problem (IRP) encountered in vending machine supply chains working under vendor-managed inventory (VMI) scheme. The new IRP model is built based on the existing Periodic Vehicle Routing Problem with Time-windows (PVRPTW). The model will be referred to as the Integrated Inventory and Periodic Vehicle Routing Proble...

We propose a tactical model which integrates the replenishment decision in inventory management, the allocation of products to warehousing systems and the assignment of products to storage locations in warehousing management. The purpose of this article is to analyse the value of integrating warehouse and inventory decisions. This is achieved by proposing two methods for solving this tactical i...