Economic order quantity for a power demand pattern system with deteriorating items Online publication date: Fri, 28-Feb-2014
by Joaquín Sicilia; Jaime Febles-Acosta; Manuel González-De la Rosa
European J. of Industrial Engineering (EJIE), Vol. 7, No. 5, 2013
Abstract: In this paper we develop a mathematical model to study optimal replenishment policy for an economic order quantity system considering items with deterioration. Demand is time dependent and follows a power pattern. The system operates over an infinite planning horizon. Replenishment is instantaneous and lot size is constant. The aim of the paper is to minimise the inventory average total cost per unit time. We propose a procedure for determining the efficient policy and the minimum inventory cost. Numerical examples are provided to illustrate the proposed model. [Received 11 June 2011; Revised 6 January 2012; Accepted 4 February 2012]
Online publication date: Fri, 28-Feb-2014
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the European J. of Industrial Engineering (EJIE):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email firstname.lastname@example.org