標題: An inventory model with deteriorating items under inflation when a delay in payment is permissible
作者: Liao, HC
Tsai, CH
Su, CT
工業工程與管理學系
Department of Industrial Engineering and Management
關鍵字: inventory;deterioration;inflation;delay in payment
公開日期: 15-一月-2000
摘要: This study develops an inventory model for initial-stock-dependent consumption rate when a delay in payment is permissible. In the inventory model, shortages are not allowed. The effect of the inflation rate, deterioration rate, initial-stock-dependent consumption rate and delay in payment are discussed. In the study, mathematical models are also derived under two different circumstances, i.e., Case I: The credit period is less than or equal to the cycle time for settling the account; and Case II: The credit period is greater than the cycle time for settling the account. Besides, expressions for an inventory system's total cost are derived for these two cases. Moreover, a computational procedure and GINO (Lasdon et al., ACM Transactions Mathematical Software 4 (1978) 34-50) are proposed to obtain the optimal order size and cycle time. The results can help managers determine the optimal total cost. Finally, a numerical example demonstrates the applicability of the proposed model. (C) 2000 Elsevier Science B.V. All rights reserved.
URI: http://dx.doi.org/10.1016/S0925-5273(99)00015-8
http://hdl.handle.net/11536/30800
ISSN: 0925-5273
DOI: 10.1016/S0925-5273(99)00015-8
期刊: INTERNATIONAL JOURNAL OF PRODUCTION ECONOMICS
Volume: 63
Issue: 2
起始頁: 207
結束頁: 214
顯示於類別:期刊論文


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