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Purchasing model for deteriorating items with time-varying demand under inflation and time discounting

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Abstract

The study proposes a purchasing model, which considers a case of time-varying deterioration, partial back-ordering that depends on the waiting time for backlogging, and time value of money over a finite horizon. The model integrates all possible real-world situations that may happen in dealing with an order quantity. We derive the lower bound of the replenishment for a specific planning horizon and propose a procedure to solve the problem.

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Authors and Affiliations

  1. Center of General Education, Southern Taiwan University of Technology, Tainan, Taiwan

    Yihsu Lin

  2. Department of Industrial and Information Management & Institute of Information Management, National Cheng Kung University, Tainan, Taiwan

    Chinho Lin

Authors
  1. Yihsu Lin
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  2. Chinho Lin
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Correspondence to Chinho Lin.

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Lin, Y., Lin, C. Purchasing model for deteriorating items with time-varying demand under inflation and time discounting. Int J Adv Manuf Technol 27, 816–823 (2006). https://doi.org/10.1007/s00170-004-2236-y

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  • DOI: https://doi.org/10.1007/s00170-004-2236-y

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