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Optimal policy for deteriorating items with trapezoidal type demand and partial backlogging. (English) Zbl 1221.90011

Summary: Inventory model for time-dependent deteriorating items with trapezoidal type demand rate and partial backlogging is considered in this paper. The demand rate is defined as a continuous trapezoidal function of time, and the backlogging rate is a non-increasing exponential function of the waiting time up to the next replenishment. We proposed an optimal replenishment policy for such inventory model, numerical examples to illustrate the solution procedure.

MSC:

90B05 Inventory, storage, reservoirs
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