An inventory model for delayed deteriorating items with power demand considering shortages and lost sales
This article considers an EOQ model for a delayed deteriorating item in which the demand varies with time and follows a power pattern. Shortages are allowed with partially backlogged and lost sales. We develop a mathematical model for the problem.The proposed model aims at minimizing the total inven...
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my.um.eprints.243032020-05-18T03:33:38Z http://eprints.um.edu.my/24303/ An inventory model for delayed deteriorating items with power demand considering shortages and lost sales Adaraniwon, Amos Olalekan Omar, Mohd Q Science (General) QA Mathematics This article considers an EOQ model for a delayed deteriorating item in which the demand varies with time and follows a power pattern. Shortages are allowed with partially backlogged and lost sales. We develop a mathematical model for the problem.The proposed model aims at minimizing the total inventory cost which depends on the length of time with positive and negative inventory level. Numerical examples with the effect of various changes in some possible parameters combination of the model are given to illustrate the effectiveness of the model and to gain some managerial decision. © 2019 IOS Press and the authors. All rights reserved. IOS Press 2019 Article PeerReviewed Adaraniwon, Amos Olalekan and Omar, Mohd (2019) An inventory model for delayed deteriorating items with power demand considering shortages and lost sales. Journal of Intelligent & Fuzzy Systems, 36 (6). pp. 5397-5408. ISSN 1064-1246 https://doi.org/10.3233/JIFS-181284 doi:10.3233/JIFS-181284 |
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Q Science (General) QA Mathematics Adaraniwon, Amos Olalekan Omar, Mohd An inventory model for delayed deteriorating items with power demand considering shortages and lost sales |
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This article considers an EOQ model for a delayed deteriorating item in which the demand varies with time and follows a power pattern. Shortages are allowed with partially backlogged and lost sales. We develop a mathematical model for the problem.The proposed model aims at minimizing the total inventory cost which depends on the length of time with positive and negative inventory level. Numerical examples with the effect of various changes in some possible parameters combination of the model are given to illustrate the effectiveness of the model and to gain some managerial decision. © 2019 IOS Press and the authors. All rights reserved. |
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Article |
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Adaraniwon, Amos Olalekan Omar, Mohd |
author_facet |
Adaraniwon, Amos Olalekan Omar, Mohd |
author_sort |
Adaraniwon, Amos Olalekan |
title |
An inventory model for delayed deteriorating items with power demand considering shortages and lost sales |
title_short |
An inventory model for delayed deteriorating items with power demand considering shortages and lost sales |
title_full |
An inventory model for delayed deteriorating items with power demand considering shortages and lost sales |
title_fullStr |
An inventory model for delayed deteriorating items with power demand considering shortages and lost sales |
title_full_unstemmed |
An inventory model for delayed deteriorating items with power demand considering shortages and lost sales |
title_sort |
inventory model for delayed deteriorating items with power demand considering shortages and lost sales |
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IOS Press |
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2019 |
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http://eprints.um.edu.my/24303/ https://doi.org/10.3233/JIFS-181284 |
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