A production lot size inventory model for deteriorating items with time-varying demand |
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| Authors: | Tai-Yue Wang Long-Hui Chen |
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| Affiliation: | Department of Electronics , The Chinese University of Hong Kong , Shatin, Hong Kong |
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| Abstract: | This paper presents a production lot size model for deteriorating items with time-varying demand. The replenishment cycle and deterioration rates are allowed to vary over a finite planning horizon. A solution procedure for this model is developed to provide the optimal replenishment cycle number. Also three numerical examples are solved for different deterioration rates. Finally, a sensitivity analysis is conducted to study the effect of changes in the related parameters on the objective function. |
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