Title :
An inventory control system under permissible delay in payment and shortage
Author :
Yiqian, Pan ; Hai, Huang
Author_Institution :
Dept. of Math. & Comput. Sci., Guangxi Normal Univ. for Nat., Chongzuo, China
Abstract :
Few papers about inventory control consider allowable shortage and permissible delay in payment together. This paper discusses an inventory control problem for deteriorating items with partial backlogging under deferrable delivery conditions. Existence and uniqueness of optimal ordering policy for the inventory system is showed and numerical examples are given to illustrate the theorem.
Keywords :
order processing; stock control; allowable shortage; deferrable delivery conditions; deteriorating items; inventory control problem; inventory control system; optimal ordering policy; partial backlogging; payment; permissible delay; Biological system modeling; Computational modeling; Computers; Delay; Electronic mail; Inventory control; Mathematical model; Inventory; Permissible Delay in Payment; Shortage;
Conference_Titel :
Control Conference (CCC), 2012 31st Chinese
Conference_Location :
Hefei
Print_ISBN :
978-1-4673-2581-3
