Optimal Policy for Deteriorating Items Ramp Type Demand with Shelf Life
Kai-Wayne Chuang, Chien-Nan Lin, Chun-Hsiung Lan
Available Online October 2013.
- https://doi.org/10.2991/iaw-sc.2013.13How to use a DOI?
- ramp type demand; deteriorating items; backlogging; shelf life.
- In this article, we have studied the inventory and pricing strategies for deteriorating items with ramp type demand and shelf life. In practice, there are many commodity such as food, medication exist the shelf life expiration date. Therefore the shelf life expiration date has become an important research topic in inventory management. The objective is to find the optimal inventory maximizing the net present value of total profit over the infinite horizon. We will discuss two cases. We assume that the inventory objective is to minimize the total cost per unit time of the system.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Kai-Wayne Chuang AU - Chien-Nan Lin AU - Chun-Hsiung Lan PY - 2013/10 DA - 2013/10 TI - Optimal Policy for Deteriorating Items Ramp Type Demand with Shelf Life BT - Proceedings of the 2013 International Academic Workshop on Social Science PB - Atlantis Press SP - 56 EP - 61 SN - 1951-6851 UR - https://doi.org/10.2991/iaw-sc.2013.13 DO - https://doi.org/10.2991/iaw-sc.2013.13 ID - Chuang2013/10 ER -