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An optimal replenishment policy for non-instantaneous deteriorating items with two storage facilities

An optimal replenishment policy for non-instantaneous deteriorating items with two storage... Deterioration has received a considerable attention in the past, and researchers have propounded a number of inventory models for the deteriorating items. It has been generally assumed that items start deteriorating as soon as they arrive in the warehouse. But in real life there are various products, like fresh fruits, vegetables, milk, meat etc., that have a shelf-life and start deteriorating after a time lag. This underlines the fact that for some initial period of time, there is no deterioration in items. This phenomenon is termed as non-instantaneous deterioration and the items are termed as non-instantaneous deteriorating items. In the present study, a two-warehouse inventory model for non-instantaneous deteriorating items has been developed. Moreover, shortage at Own Warehouse (OW) is also allowed subject to full backlogging. The solution methodology provided in this model helps to decide the feasibility of renting a warehouse. The results have been elucidated with numerical examples. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Services Operations and Informatics Inderscience Publishers

An optimal replenishment policy for non-instantaneous deteriorating items with two storage facilities

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Publisher
Inderscience Publishers
Copyright
Copyright © Inderscience Enterprises Ltd. All rights reserved
ISSN
1741-539X
eISSN
1741-5403
DOI
10.1504/IJSOI.2010.034036
Publisher site
See Article on Publisher Site

Abstract

Deterioration has received a considerable attention in the past, and researchers have propounded a number of inventory models for the deteriorating items. It has been generally assumed that items start deteriorating as soon as they arrive in the warehouse. But in real life there are various products, like fresh fruits, vegetables, milk, meat etc., that have a shelf-life and start deteriorating after a time lag. This underlines the fact that for some initial period of time, there is no deterioration in items. This phenomenon is termed as non-instantaneous deterioration and the items are termed as non-instantaneous deteriorating items. In the present study, a two-warehouse inventory model for non-instantaneous deteriorating items has been developed. Moreover, shortage at Own Warehouse (OW) is also allowed subject to full backlogging. The solution methodology provided in this model helps to decide the feasibility of renting a warehouse. The results have been elucidated with numerical examples.

Journal

International Journal of Services Operations and InformaticsInderscience Publishers

Published: Jan 1, 2010

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