Economic order quantity model for deteriorating items with planned backorder level

Gede Agus Widyadana; Leopoldo Eduardo Cárdenas-Barrón; Hui Ming Wee

doi:10.1016/j.mcm.2011.04.028

Economic order quantity model for deteriorating items with planned backorder level

Gede Agus Widyadana, Leopoldo Eduardo Cárdenas-Barrón, Hui Ming Wee^*

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

108 Citations (Scopus)

Abstract

In this study, a deteriorating inventory problem with and without backorders is developed. From the literature search, this study is one of the first attempts by researchers to solve a deteriorating inventory problem with a simplified approach. The optimal solutions are compared with the classical methods for solving deteriorating inventory model. The total cost of the simplified model is almost identical to the original model.

Original language	English
Pages (from-to)	1569-1575
Number of pages	7
Journal	Mathematical and Computer Modelling
Volume	54
Issue number	5-6
DOIs	https://doi.org/10.1016/j.mcm.2011.04.028
Publication status	Published - Sept 2011
Externally published	Yes

Keywords

Cost-difference
Deteriorating items
EOQ

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10.1016/j.mcm.2011.04.028

Cite this

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abstract = "In this study, a deteriorating inventory problem with and without backorders is developed. From the literature search, this study is one of the first attempts by researchers to solve a deteriorating inventory problem with a simplified approach. The optimal solutions are compared with the classical methods for solving deteriorating inventory model. The total cost of the simplified model is almost identical to the original model.",

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Economic order quantity model for deteriorating items with planned backorder level

Abstract

Keywords

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