An inventory model with deteriorating items, quantity discount, pricing and time-dependent partial backlogging

Wee (International Journal of Production Economics 59 (1999) 511), in his interesting paper presented a deterministic inventory model with the following characteristics. Quantity discount schemes for the unit cost, partial backlogging at a fixed rate, deterioration of stock in time and demand rate being a linear function of the selling price. In this article we generalize the work of Wee (1999). More specifically, we consider a model where the demand rate is a convex decreasing function of the selling price and the backlogging rate is a time-dependent function, which ensures that the rate of backlogged demand increases as the waiting time to the following replenishment point decreases. (C) 2002 Elsevier Science B.V. All rights reserved.