Preservation technology investment for deteriorating inventory

被引:199
作者
Hsu, P. H. [2 ]
Wee, H. M. [1 ]
Teng, H. M. [3 ]
机构
[1] Chung Yuan Christian Univ, Dept Ind & Syst Engn, Chungli 32023, Taiwan
[2] De Lin Inst Technol, Dept Business Adm, Taipei 236, Taiwan
[3] Chihlee Inst Technol, Dept Business Adm, Taipei 22005, Taiwan
关键词
Preservation technology; Deteriorating inventory; Capital constraint; SETUP REDUCTION; QUALITY IMPROVEMENT; PERMISSIBLE DELAY; MODEL; DECISION; SYSTEMS; DEMAND; POLICY;
D O I
10.1016/j.ijpe.2009.11.034
中图分类号
T [工业技术];
学科分类号
08 ;
摘要
The objective of this study is to develop a deteriorating inventory policy when the retailer invests on the preservation technology to reduce the rate of product deterioration. A solution procedure is presented to determine an optimal replenishment cycle, shortage period, order quantity and preservation technology cost such that the total profit per unit time is maximized. A numerical example and sensitivity analysis are presented to illustrate the model. (C) 2009 Elsevier B.V. All rights reserved.
引用
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页码:388 / 394
页数:7
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