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A Note on the Criteria of Optimal Solution for Replenishment Policy for Ameliorating Item with Shortages

by Himani Dem
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International Journal of Computer Applications
Foundation of Computer Science (FCS), NY, USA
Volume 37 - Number 3
Year of Publication: 2012
Authors: Himani Dem
10.5120/4590-6538

Himani Dem . A Note on the Criteria of Optimal Solution for Replenishment Policy for Ameliorating Item with Shortages. International Journal of Computer Applications. 37, 3 ( January 2012), 37-43. DOI=10.5120/4590-6538

@article{ 10.5120/4590-6538,
author = { Himani Dem },
title = { A Note on the Criteria of Optimal Solution for Replenishment Policy for Ameliorating Item with Shortages },
journal = { International Journal of Computer Applications },
issue_date = { January 2012 },
volume = { 37 },
number = { 3 },
month = { January },
year = { 2012 },
issn = { 0975-8887 },
pages = { 37-43 },
numpages = {9},
url = { https://ijcaonline.org/archives/volume37/number3/4590-6538/ },
doi = { 10.5120/4590-6538 },
publisher = {Foundation of Computer Science (FCS), NY, USA},
address = {New York, USA}
}
%0 Journal Article
%1 2024-02-06T20:23:21.755273+05:30
%A Himani Dem
%T A Note on the Criteria of Optimal Solution for Replenishment Policy for Ameliorating Item with Shortages
%J International Journal of Computer Applications
%@ 0975-8887
%V 37
%N 3
%P 37-43
%D 2012
%I Foundation of Computer Science (FCS), NY, USA
Abstract

Ameliorating products are frequently seen in stock management. Considering ramp type pattern of time dependent demand for such products is a justification for the development of related inventory theory. In a recently published paper by Singh et al. (2011), such kind of problem is discussed. However, the solution given by author is incomplete because that fails to depict the case for optimal replenishment policy. In this article, the criteria for optimal solution of the considered model are found and the relevance of associated factors is discussed.

References
  1. Deng, P.S., Lin, Robert H.-J. and Chu, P. 2007. A note on the inventory models for deteriorating items with ramp type demand rate. European Journal of Operational Research 178, 112–120.
  2. Giri, B.C., Jalan, A.K. and Chaudhuri, K.S. 2003. Economic order quantity model with Weibull deterioration distribution, shortage and ramp-type demand. International Journal of Systems Science, 34, 237–243.
  3. Hill, R.M. 1995. Inventory model for increasing demand followed by level demand. Journal of the Operational Research Society, 46, 1250–1259.
  4. Mandal, B. and Pal, A. K. 1998. Order level inventory system with ramp type demand for deteriorating items. Journal of Interdisciplinary Mathematics, 1, 49–66.
  5. Mandal, B. 2010. An EOQ model with Weibull distributed deteriorating items under ramp type demand and shortages. Opsearch, 47, 158-165.
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  7. Panda, S., Senapati, S. and Basu, M. 2008. Optimal replenishment policy for perishable seasonal products in a season with ramp-type time dependent demand. Computers & Industrial Engineering, 54, 301–314.
  8. Roy, T. and Chaudhuri, K.S. 2011. A finite time horizon EOQ model with ramp-type demand rate under inflation and time-discounting. International Journal of Operational Research, 11, 100-118.
  9. Singh, S.R., Kumar, T. and Gupta, C.B. 2011. Optimal replenishment policy for ameliorating item with shortages under inflation and time value of money using genetic algorithm. International Journal of Computer Applications, 27, 5-17.
  10. Skouri, K. , Konstantaras, I., Papachristos, S. and Ganas, I. 2009. Inventory models with ramp type demand rate, partial backlogging and Weibull deterioration rate. European Journal of Operational Research, 192, 79–92.
  11. Wu, J.W., Lin, C., Tan, B. and Lee, W.C. 1999. An EOQ model with ramp type demand rate for items with Weibull deterioration. International Journal of Information and Management Sciences, 10, 41–51.
Index Terms

Computer Science
Information Sciences

Keywords

Ramp type demand inflation deterioration amelioration shortages

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