Proceedings of the 2013 International Academic Workshop on Social Science

Optimal Policy for Deteriorating Items Ramp Type Demand with Shelf Life

Authors
Kai-Wayne Chuang, Chien-Nan Lin, Chun-Hsiung Lan
Corresponding Author
Kai-Wayne Chuang
Available Online October 2013.
DOI
https://doi.org/10.2991/iaw-sc.2013.13How to use a DOI?
Keywords
ramp type demand; deteriorating items; backlogging; shelf life.
Abstract
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.

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Proceedings
International Academic Workshop on Social Science (IAW-SC-13)
Part of series
Advances in Intelligent Systems Research
Publication Date
October 2013
ISBN
978-90-78677-84-0
ISSN
1951-6851
DOI
https://doi.org/10.2991/iaw-sc.2013.13How to use a DOI?
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  - International Academic Workshop on Social Science (IAW-SC-13)
PB  - Atlantis Press
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  -