Inventory Control of Deteriorating Items with Uncertain Demand and Inflation Rates within a Finite Planning Horizon

摘要：

In this paper, we study the ordering system of deteriorating items under a stochastic situation which the demand rate and the inflation rate follow two tabular discrete probability functions. We suppose that the deterioration starts after an interval that the items held in storage and its rate follows a Weibull density function. The planning horizon is finite and divided to some equal ordering cycles. The shortages are permitted and backordered in all of the cycles except the last one. We develop a procedure to find the optimal ordering policy with respect to the net present value of total expected costs.

关键词： Ordering system Deteriorating items Stochastic demand NPV Total expected costs

作者: Fariborz JOLAI Alireza Yousefzadeh KHIABANI Mehdi IRANPOOR H.HALLEH

作者单位: Department of Industrial Engineering,Faculty of Engineering,University of Tehran,Tehran,Iran Department of Industrial Engineering,Amirkabir University of Technology,Tehran,Iran

会议类型: 国际会议

会议名称: 工业工程与系统管理2007年国际会议(International Conference on Industrial Engineering and Systems Management)(IESM 2007)

会议地点: 北京

会议语种:英文

在线出版日期: 2007-05-30（万方平台首次上网日期，不代表论文的发表时间）