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Inventory of Damagable Items with Variable Replenishment Rate, Stock-dependent Demand and Some Units in Hand by M. Mandal; M. Maiti is a Engineering article available to read on EtoBox.
What is Inventory of Damagable Items with Variable Replenishment Rate, Stock-dependent Demand and Some Units in Hand about?
Items made of glass, ceramics, etc., break/get damaged during the storage due to the accumulated stress of heaped stock. For the ®rst time, a deterministic inventory model of such a damagable item is developed with variable replenishment when both demand and damage rates are stock-dependent in polynomial form. Here replenishment rate for the ®rst cycle is partly instantaneous and partly varies with demand. For the next cycle, the variable replenishment is augmented when the inventory level falls to 0 , the instantaneous replenishment amount for the ®rst cycle. After this, the cycle repeats itself. The amount, 0 is also here varied and the optimum 0 and (inventory level) are evaluated following the pro®t maximization principle in integral form. The model is illustrated numerically and sensitivity analyses are presented.
Who reads Inventory of Damagable Items with Variable Replenishment Rate, Stock-dependent Demand and Some Units in Hand?
It is typically read by researchers, students, and practitioners in Engineering.
- Author
- M. Mandal; M. Maiti
- Publisher
- Elsevier Science; Elsevier ; Elsevier BV (ISSN 0307-904X)
- Published
- 1999
- Language
- EN
- Field
- Engineering (Physical Sciences)