Title of article
Inventory models for both deteriorating and ameliorating items
Author/Authors
Heung-Suk Hwang، نويسنده ,
Issue Information
ماهنامه با شماره پیاپی سال 1999
Pages
4
From page
257
To page
260
Abstract
Most of the previous works on classical inventory models are based on the assumptions that the value (or utility) of inventory remains constant over time. In this study, a special case of inventory model is studied for both ameliorating when the items stay at breeding yard (fish culture facility or farming yard) and deteriorating when the items stay in the distribution systems. The term ameliorating inventory is used in this paper at least, since the terminology is not standard well known. First, We have developed economic order quantity(EOQ) models for both deteriorating and ameliorating, second we have developed partial selling model(PSQ) and economic production model(EPQ) considering issuing policies, FIFO and LIFO. Also we have developed computer programs and numerical examples to illustrate the model are examined also.
Keywords
acceptable response time , Analysis , Optimization , multi-stage production/inventory system
Journal title
Computers & Industrial Engineering
Serial Year
1999
Journal title
Computers & Industrial Engineering
Record number
925088
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