• 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