An optimal replenishment policy for deteriorating items with time-varying demand and partial-exponential type - backlogging

Authors:
S. Papachristos;K. Skouri
Affiliations:
Department of Mathematics, Statistics and Operational Research Section, University of Ioannina, 45110 Ioannina, Greece;Department of Mathematics, University of Ioannina, 45110 Ioannina, Greece
Venue:
Operations Research Letters
Year:
2000

Citing 3
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Abstract

We study a continuous review inventory model over a finite-planning horizon with deterministic varying demand and constant deterioration rate. The model allows for shortages, which are partially backlogged at a rate which varies exponentially with time. For this model an optimal replenishment policy is established.