An inventory model for deteriorating items with stock-dependent demand rate |
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| Affiliation: | 1. Department of Mathematics, Jadavpur University, Calcutta, 700 032, India;2. Department of Mathematics, Indian Institute of Technology, Kharagpur, India;1. School of Automation, Southeast University, Nanjing 210096, China;2. Key Laboratory of Measurement and Control of CSE, Ministry of Education, Southeast University, Nanjing 210096, China;1. CAS Key Laboratory of Technology in Geo-spatial Information Processing and Application Systems, University of Science and Technology of China, Hefei, China;2. USTC-Birmingham Joint Research Institute in Intelligent Computation and Its Applications (UBRI), University of Science and Technology of China, Hefei, China;1. Dipartimento di Economia Marco Biagi, Università degli Studi di Modena e Reggio Emilia, Viale Berengario 51, 43 ovest, 41100 Modena, Italy;2. Dipartimento di Scienze per l׳Economia e l׳Impresa, Università degli Studi di Firenze, Via delle Pandette 9, 50127 Firenze, Italy;1. School of Electrical Engineering and Computing, The University of Newcastle, Australia;2. Department of Automatic Control and ACCESS, School of Electrical Engineering, KTH Royal Institute of Technology, SE-100 44 Stockholm, Sweden |
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| Abstract: | This paper discusses an inventory model with an inventory-level-dependent demand rate followed by a constant demand rate for items deteriorating at a constant rate θ, where the terminal condition of zero inventory at the end of the scheduling period has been relaxed. Sensitivity of the decision variables to changes in the parameter values is examined and the effects of these changes on the optimal policy are discussed in brief. |
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