Technical note on inventory model with trapezoidal type demand |
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Institution: | 1. Department of Transportation Logistics & Marketing Management, Toko University, Taiwan;2. Department of Computer Science and Information Management, Hungkuang University, Taiwan;3. Department of Traffic Science, Central Police University, Taiwan |
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Abstract: | This note is a response to optimal policy for deteriorating items with trapezoidal type demand and partial backlogging by Cheng et al. 4]. In the above mentioned paper, a new inventory model was created, but both their model and their solution procedure contained some questionable results. In this note a detailed examination of their paper will be provided, offering an enhancement to their important inventory model and solution procedure. Numerical examples and detailed analysis of the four scenarios are used to illustrate our findings. |
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Keywords: | Inventory model Deteriorating rate Trapezoidal type demand Partial backlogging |
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