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

Abstract:

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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.

Info:

Periodical:

Advanced Materials Research (Volumes 201-203)

Edited by:

Daoguo Yang, Tianlong Gu, Huaiying Zhou, Jianmin Zeng and Zhengyi Jiang

Pages:

1292-1295

DOI:

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

Citation:

X. L. Xie "On Optimal Inventory Model for Obsolescence Perishable Products under Unpermitted-Stockout", Advanced Materials Research, Vols. 201-203, pp. 1292-1295, 2011

Online since:

February 2011

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$35.00

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