An inventory model for delayed deteriorating items with power demand considering shortages and lost sales

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...

Full description

Saved in:
Bibliographic Details
Main Authors: Adaraniwon, Amos Olalekan, Omar, Mohd
Format: Article
Published: IOS Press 2019
Subjects:
Q Science (General)
QA Mathematics
Online Access:http://eprints.um.edu.my/24303/
https://doi.org/10.3233/JIFS-181284
Tags: Add Tag
No Tags, Be the first to tag this record!
Institution: Universiti Malaya
id my.um.eprints.24303
record_format eprints
spelling 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
institution Universiti Malaya
building UM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaya
content_source UM Research Repository
url_provider http://eprints.um.edu.my/
topic Q Science (General)
QA Mathematics
spellingShingle 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
description 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.
format Article
author 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
publisher IOS Press
publishDate 2019
url http://eprints.um.edu.my/24303/
https://doi.org/10.3233/JIFS-181284
_version_ 1669007989208514560

Similar Items