A HEURISTIC FOR REPLENISHMENT OF DETERIORATING ITEMS WITH TIME-VARYING DEMAND AND SHORTAGES IN ALL CYCLES

Authors
CHAKROBORTY T GIRI BC CHAUDHURI KS
Citation
T. Chakroborty et al., A HEURISTIC FOR REPLENISHMENT OF DETERIORATING ITEMS WITH TIME-VARYING DEMAND AND SHORTAGES IN ALL CYCLES, International Journal of Systems Science, 29(6), 1998, pp. 551-555
Citations number
17
Categorie Soggetti
Computer Science Theory & Methods","Operatione Research & Management Science","Computer Science Theory & Methods","Operatione Research & Management Science","Robotics & Automatic Control
Journal title
International Journal of Systems Science → ACNP
ISSN journal
00207721
Volume
29
Issue
6
Year of publication
1998
Pages
551 - 555
Database
ISI
SICI code
0020-7721(1998)29:6<551:AHFROD>2.0.ZU;2-1
Abstract
The inventory replenishment problem for an item deteriorating at a con stant rate, and having a linear (positive) trend in demand and a finit e shortage cost, is considered. A heuristic model is developed to dete rmine the optimal reorder times when a fixed planning horizon does not exist. The model is then used in a situation with a prescribed planni ng horizon, allowing shortages in all replenishment cycles. The soluti on procedure is illustrated with the help of a numerical example. Sens itivity analysis of the parameter values is also carried out.