NDLI: An Inventory Model for Perishable Items under Stock-Dependent Demand Rate with Constraints of Customer-Waiting Time and Budget

Content Provider	IEEE Xplore Digital Library
Author	Yong-Wu Zhou Jie Min
Copyright Year	2006
Description	Author affiliation: Inst. of Logistics & Supply Chain Manage., Hefei Univ. of Technol. (Yong-Wu Zhou; Jie Min)
Abstract	This paper develops a more general inventory model for perishable items with stock-dependent selling rate and partial backlogging. In the model, the backlogged demand rate is dependent on the negative inventory level during the stock out period. The main differences from the existing related models are that the present model adds two more practical constraints of maximum customer-waiting time and budget, and that the existence and uniqueness of the solution to the model is examined. A solution procedure is shown to find the optimal replenishment policy of the considered problem. At last, some numerical examples are presented to illustrate the application of the developed model
Starting Page	228
Ending Page	233
File Size	5492916
Page Count	6
File Format	PDF
ISBN	1424404509
DOI	10.1109/ICSSSM.2006.320617
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2006-10-25
Publisher Place	France
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Supply chain management Mathematics stock-dependent demand rate Electronic mail Physics Petroleum partial backlogging perishable items Cost function Marketing and sales Time factors Mathematical model Logistics
Content Type	Text
Resource Type	Article

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