On Optimal Inventory Model for Obsolescence Perishable Products under Unpermitted-Stockout

Xiao Liang Xie

doi:10.4028/www.scientific.net/AMR.201-203.1292

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HomeAdvanced Materials ResearchAdvanced Materials Research Vols. 201-203On Optimal Inventory Model for Obsolescence...

On Optimal Inventory Model for Obsolescence Perishable Products under Unpermitted-Stockout

Abstract:

With the advancement of science and technology and the fast change of buyer requirements, the short-life products have been shortened at large, some formerly long-life products gradually turn to value deterioration products. The ratio of value deterioration products to modern products is getting higher and higher. This paper develops a deterministic economic order quantity EOQ inventory model, where the demand rate depends on the on-hand inventory when inventory level exceeds certain quantity , otherwise the demand rate is constant. The effects of obsolescence are taken into account, for it is related to the demand rate. The results are discussed through two numerical examples. A sensitivity analysis of the optimal solution with respect to parameters of the system is carried out.

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Periodical:

Advanced Materials Research (Volumes 201-203)

Pages:

1292-1295

DOI:

https://doi.org/10.4028/www.scientific.net/AMR.201-203.1292

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Online since:

February 2011

Authors:

Xiao Liang Xie

Keywords:

Inventory Model, Invisible Metamorphic Value, Perishable Product, Sales Rate Dependent Stock

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