An Optimal Replenishment Policy for Pharmaceutical Items with Time-Varying Demand and Partial Backlogging

Yin Huang

doi:10.4028/www.scientific.net/AMM.235.271

Paper Titles

Effects of Wet Activation Process Parameters on Surface Hydrophilicity in Silicon Direct Wafer Bonding
p.250

Stochastic Admissibility for a Class of Nonlinear Singular Markovian Jump Systems with Time-Delay and Partially Unknown Transition Probabilities
p.254

Impact of Risk Aversion on Optimal Decisions in Supply Contracts with Bidirectional Options
p.261

Research on the Demand Forcast of Beijing Car Rental Industry Based on System Dynamics
p.267

An Optimal Replenishment Policy for Pharmaceutical Items with Time-Varying Demand and Partial Backlogging
p.271

Study on the Evaluation of Internal Financial Control of Higher Vocational College in China
p.277

The Applied Research on the Internal Control Evaluation Model in Railway Vocational College
p.282

The Computer Aided Design Intelligent Design System of Threshing Parts of Combined Harvester
p.288

Scheduling Optimization of Inter-City Bus Rapid Transit Based on M/M/C/N/∞ Queuing Model
p.294

HomeApplied Mechanics and MaterialsApplied Mechanics and Materials Vol. 235An Optimal Replenishment Policy for Pharmaceutical...

An Optimal Replenishment Policy for Pharmaceutical Items with Time-Varying Demand and Partial Backlogging

Abstract:

Pharmaceutical supply chain is an extremely complex process. However, very few researches have focused on this field. Our research mainly focuses on the optimal replenishment policy for pharmaceutical items with time-varying demand and partial backlogging on the basis of deteriorating inventory theory. For this model an optimal replenishment policy is established and a numerical example is provided to illustrate the results. Moreover, some researchers often repeatedly consider the cost due to deterioration. The mistake is verified in this paper.

You might also be interested in these eBooks

Advances in Computing, Control and Industrial Engineering

View Preview

Info:

Periodical:

Applied Mechanics and Materials (Volume 235)

Pages:

271-276

DOI:

https://doi.org/10.4028/www.scientific.net/AMM.235.271

Citation:

Cite this paper

Online since:

November 2012

Authors:

Yin Huang

Keywords:

Deterioration, Inventory, Optimal Policy, Partial Backlogging, Pharmaceutical Supply Chain, Shortage

Export:

RIS, BibTeX

Price:

Permissions CCC:

Request Permissions

Permissions PLS:

Request Permissions

Сopyright:

Citation:

References

[1] P.M. Ghare, G.F. Shrader. A model for exponentially decaying inventories. J. Ind. Eng.14(1963). 238-243.

Google Scholar

[2] R.P. Covert, G.C. Philip. An EOQ model for items with Weibull distribution deterioration. Am. Inst. Ind. Eng. Trans. 5(1973). 323-326.

DOI: 10.1080/05695557308974918

Google Scholar

[3] Y.K. Shah. An order-level lot-size inventory for deteriorating items. Am. Inst. Ind. Eng.Trans. 9(1977). 108-112.

DOI: 10.1080/05695557708975129

Google Scholar

[4] S. Papachristos, K.Skouri. An optimal replenishment policy for deteriorating items with time-varying demand and partial-exponential type-backlogging. Oper. Res. Lett. 27(2000). 175-184.

DOI: 10.1016/s0167-6377(00)00044-4

Google Scholar

[5] H.M. Wee. Deterministic lot size inventory model for deteriorating items with shortages and a declining market. Comput. Oper.Res. 22(1995). 345-356.

DOI: 10.1016/0305-0548(94)e0005-r

Google Scholar

[6] H.M. Wee. Deteriorating inventory model with quantity discount, pricing and partial backordering. Int.J. Prod. Econom. 59(1999). 511-518.

DOI: 10.1016/s0925-5273(98)00113-3

Google Scholar

[7] Jinn-Tsair Teng, Maw-Sheng Chern, Hui-Ling Yang, Yuchung J, Wang. Deterministic lot-size inventory models with shortages and deterioration for fluctuating demand. Oper. Res. Lett. 24(1999). 65-72.

DOI: 10.1016/s0167-6377(98)00042-x

Google Scholar

[8] Hui-Ling Yang, Jinn-Tsair Teng, Maw-Sheng Chern. Deterministic Inventory Lot-size Models under Inflation with Shortages and Deterioration for Fluctuating Demand. Nav. Res.Log. 48(2001). 144-158.

DOI: 10.1002/1520-6750(200103)48:2<144::aid-nav3>3.0.co;2-8

Google Scholar

[9] Jinn-Tsair Teng, Horng-Jinh Chang, Chung-Yuan Dye, Cheng-Hsing Hung. An optimal replenishment policy for deteriorating items with time-varing demand and partial backlogging. Oper. Res. Lett. 30(2002) . 387-395.

DOI: 10.1016/s0167-6377(02)00150-5

Google Scholar