INVENTORY MODELS WITH THE DEMAND RATE-DEPENDENT ON STOCK AND SHORTAGE LEVELS

被引:41
作者
URBAN, TL
机构
[1] Department of Quantitative Methods, MIS, The University of Tulsa, Tulsa, OK 74104-3189
关键词
D O I
10.1016/0925-5273(95)00036-N
中图分类号
T [工业技术];
学科分类号
08 ;
摘要
This paper investigates an inventory system in which the demand rate during stockout periods differs from that during the in-stock period by a given amount. The previous analysis conducted in this area formulated the model as a cost-minimization model. This type of formulation will intentionally try to decrease demand, by increasing the stockout period, in order to decrease costs. This paper appropriately considers the model as a profit-maximization model and develops a closed-form solution. The model is then further generalized to incorporate the effect of stock-level-dependent demand rates and considers initial-stock-dependent demand as well as instantaneous-stock-dependent demand rates.
引用
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页码:21 / 28
页数:8
相关论文
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