標題: | An inventory model with deteriorating items under inflation when a delay in payment is permissible |
作者: | Liao, HC Tsai, CH Su, CT 工業工程與管理學系 Department of Industrial Engineering and Management |
關鍵字: | inventory;deterioration;inflation;delay in payment |
公開日期: | 15-Jan-2000 |
摘要: | This study develops an inventory model for initial-stock-dependent consumption rate when a delay in payment is permissible. In the inventory model, shortages are not allowed. The effect of the inflation rate, deterioration rate, initial-stock-dependent consumption rate and delay in payment are discussed. In the study, mathematical models are also derived under two different circumstances, i.e., Case I: The credit period is less than or equal to the cycle time for settling the account; and Case II: The credit period is greater than the cycle time for settling the account. Besides, expressions for an inventory system's total cost are derived for these two cases. Moreover, a computational procedure and GINO (Lasdon et al., ACM Transactions Mathematical Software 4 (1978) 34-50) are proposed to obtain the optimal order size and cycle time. The results can help managers determine the optimal total cost. Finally, a numerical example demonstrates the applicability of the proposed model. (C) 2000 Elsevier Science B.V. All rights reserved. |
URI: | http://dx.doi.org/10.1016/S0925-5273(99)00015-8 http://hdl.handle.net/11536/30800 |
ISSN: | 0925-5273 |
DOI: | 10.1016/S0925-5273(99)00015-8 |
期刊: | INTERNATIONAL JOURNAL OF PRODUCTION ECONOMICS |
Volume: | 63 |
Issue: | 2 |
起始頁: | 207 |
結束頁: | 214 |
Appears in Collections: | Articles |
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