Solving Some Deterministic Finite Horizon Inventory Models
Two single-item, deterministic, continuous, finite horizon inventory models having no shortage have been considered. A demand rate function, which is relatively general, for the item has been assumed. In the first model, units of the item do not deteriorate; while in the second units deteriorate in...
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Wrocław University of Science and Technology
2013-01-01
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| Series: | Operations Research and Decisions |
| Online Access: | http://orduser.pwr.wroc.pl/DownloadFile.aspx?aid=1050 |
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doaj-d4d695ad8c394a3c8eff7a0c598542c32020-11-25T01:02:16ZengWrocław University of Science and TechnologyOperations Research and Decisions2081-88582391-60602013-01-01vol. 23no. 16374171252409Solving Some Deterministic Finite Horizon Inventory ModelsPritibhushan Sinha06 A J C Bose Road, Thakurpukur, KolkataTwo single-item, deterministic, continuous, finite horizon inventory models having no shortage have been considered. A demand rate function, which is relatively general, for the item has been assumed. In the first model, units of the item do not deteriorate; while in the second units deteriorate in a constant fraction rate. Some optimality conditions are shown for the models. Based on these properties, single variable search methods have been described to obtain globally optimal solutions. Numerical experiments indicate that the methods yield acceptable solutions within small time and are suitable for practical applications. (original abstract)http://orduser.pwr.wroc.pl/DownloadFile.aspx?aid=1050 |
| collection |
DOAJ |
| language |
English |
| format |
Article |
| sources |
DOAJ |
| author |
Pritibhushan Sinha |
| spellingShingle |
Pritibhushan Sinha Solving Some Deterministic Finite Horizon Inventory Models Operations Research and Decisions |
| author_facet |
Pritibhushan Sinha |
| author_sort |
Pritibhushan Sinha |
| title |
Solving Some Deterministic Finite Horizon Inventory Models |
| title_short |
Solving Some Deterministic Finite Horizon Inventory Models |
| title_full |
Solving Some Deterministic Finite Horizon Inventory Models |
| title_fullStr |
Solving Some Deterministic Finite Horizon Inventory Models |
| title_full_unstemmed |
Solving Some Deterministic Finite Horizon Inventory Models |
| title_sort |
solving some deterministic finite horizon inventory models |
| publisher |
Wrocław University of Science and Technology |
| series |
Operations Research and Decisions |
| issn |
2081-8858 2391-6060 |
| publishDate |
2013-01-01 |
| description |
Two single-item, deterministic, continuous, finite horizon inventory models having no shortage have been considered. A demand rate function, which is relatively general, for the item has been assumed. In the first model, units of the item do not deteriorate; while in the second units deteriorate in a constant fraction rate. Some optimality conditions are shown for the models. Based on these properties, single variable search methods have been described to obtain globally optimal solutions. Numerical experiments indicate that the methods yield acceptable solutions within small time and are suitable for practical applications. (original abstract) |
| url |
http://orduser.pwr.wroc.pl/DownloadFile.aspx?aid=1050 |
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AT pritibhushansinha solvingsomedeterministicfinitehorizoninventorymodels |
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