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Economic order quantity models for ameliorating/deteriorating items under inflation and time discounting

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  • Moon, Ilkyeong
  • Giri, Bibhas Chandra
  • Ko, Byungsung

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  • Moon, Ilkyeong & Giri, Bibhas Chandra & Ko, Byungsung, 2005. "Economic order quantity models for ameliorating/deteriorating items under inflation and time discounting," European Journal of Operational Research, Elsevier, vol. 162(3), pages 773-785, May.
    • Handle: RePEc:eee:ejores:v:162:y:2005:i:3:p:773-785
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    References listed on IDEAS

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    1. Ray, J. & Chaudhuri, K. S., 1997. "An EOQ model with stock-dependent demand, shortage, inflation and time discounting," International Journal of Production Economics, Elsevier, vol. 53(2), pages 171-180, November.
    2. Hariga, M. A. & Ben-Daya, M., 1996. "Optimal time varying lot-sizing models under inflationary conditions," European Journal of Operational Research, Elsevier, vol. 89(2), pages 313-325, March.
    3. Chen, Jen-Ming, 1998. "An inventory model for deteriorating items with time-proportional demand and shortages under inflation and time discounting," International Journal of Production Economics, Elsevier, vol. 55(1), pages 21-30, June.
    4. Moon, Ilkyeong & Lee, Suyeon, 2000. "The effects of inflation and time-value of money on an economic order quantity model with a random product life cycle," European Journal of Operational Research, Elsevier, vol. 125(3), pages 588-601, September.
    5. Sumer C. Aggarwal, 1981. "Purchase-Inventory Decision Models for Inflationary Conditions," Interfaces, INFORMS, vol. 11(4), pages 18-23, August.
    6. Goyal, S. K. & Giri, B. C., 2001. "Recent trends in modeling of deteriorating inventory," European Journal of Operational Research, Elsevier, vol. 134(1), pages 1-16, October.
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    Cited by:

    1. Gilding, Brian H., 2014. "Inflation and the optimal inventory replenishment schedule within a finite planning horizon," European Journal of Operational Research, Elsevier, vol. 234(3), pages 683-693.
    2. Sarkar, Biswajit & Sarkar, Sumon, 2013. "An improved inventory model with partial backlogging, time varying deterioration and stock-dependent demand," Economic Modelling, Elsevier, vol. 30(C), pages 924-932.
    3. Buisman, Marjolein E. & Rohmer, Sonja U.K., 2022. "Inventory decisions for ameliorating products under consideration of stochastic demand," International Journal of Production Economics, Elsevier, vol. 252(C).
    4. Khakbaz, Amir & Mensi, Walid & Tirkolaee, Erfan Babaee & Hammoudeh, Shawkat & Simic, Vladimir, 2023. "The combined effects of interest and inflation rates on inventory systems: A comparative analysis across countries," International Journal of Production Economics, Elsevier, vol. 266(C).
    5. Mrudul Y. Jani & Manish R. Betheja & Urmila Chaudhari & Biswajit Sarkar, 2023. "Effect of Future Price Increase for Products with Expiry Dates and Price-Sensitive Demand under Different Payment Policies," Mathematics, MDPI, vol. 11(2), pages 1-31, January.
    6. Ghiami, Yousef, 2023. "An analysis on production and inventory models with discounted cash-flows," Omega, Elsevier, vol. 117(C).
    7. Beatrice Marchi & Lucio E. Zavanella & Simone Zanoni, 2023. "Supply chain finance for ameliorating and deteriorating products: a systematic literature review," Journal of Business Economics, Springer, vol. 93(3), pages 359-388, April.
    8. Bakker, Monique & Riezebos, Jan & Teunter, Ruud H., 2012. "Review of inventory systems with deterioration since 2001," European Journal of Operational Research, Elsevier, vol. 221(2), pages 275-284.
    9. R. Sundara rajan & R. Uthayakumar, 2017. "Comprehensive solution procedure for optimizing replenishment policies of instantaneous deteriorating items with stock-dependent demand under partial trade credit linked to order quantity," International Journal of System Assurance Engineering and Management, Springer;The Society for Reliability, Engineering Quality and Operations Management (SREQOM),India, and Division of Operation and Maintenance, Lulea University of Technology, Sweden, vol. 8(2), pages 1343-1373, November.
    10. Zhou Yongwu & Lin Zhaozhan, 2016. "Impacts of Hyperbolic Discounting on Inventory Replenishment Policy Under Inflation," Journal of Systems Science and Information, De Gruyter, vol. 4(1), pages 24-39, February.
    11. Chern, Maw-Sheng & Yang, Hui-Ling & Teng, Jinn-Tsair & Papachristos, Sotiris, 2008. "Partial backlogging inventory lot-size models for deteriorating items with fluctuating demand under inflation," European Journal of Operational Research, Elsevier, vol. 191(1), pages 127-141, November.
    12. Hongjun Peng & Tao Pang & Fuliang Cao & Juan Zhao, 2018. "A Mutual Subsidy Mechanism for a Seasonal Product Supply Chain Channel Under Double Price Regulation," Asia-Pacific Journal of Operational Research (APJOR), World Scientific Publishing Co. Pte. Ltd., vol. 35(06), pages 1-26, December.
    13. Nita H. Shah & Chetansinh R. Vaghela, 2017. "Economic order quantity for deteriorating items under inflation with time and advertisement dependent demand," OPSEARCH, Springer;Operational Research Society of India, vol. 54(1), pages 168-180, March.
    14. Pahl, Julia & Voß, Stefan, 2014. "Integrating deterioration and lifetime constraints in production and supply chain planning: A survey," European Journal of Operational Research, Elsevier, vol. 238(3), pages 654-674.
    15. Ioannis Mallidis & Dimitrios Vlachos & Volha Yakavenka & Zafeiriou Eleni, 2020. "Development of a single period inventory planning model for perishable product redistribution," Annals of Operations Research, Springer, vol. 294(1), pages 697-713, November.
    16. Beullens, Patrick & Janssens, Gerrit K., 2011. "Holding costs under push or pull conditions - The impact of the Anchor Point," European Journal of Operational Research, Elsevier, vol. 215(1), pages 115-125, November.
    17. Ghiami, Yousef & Beullens, Patrick, 2016. "Planning for shortages? Net Present Value analysis for a deteriorating item with partial backlogging," International Journal of Production Economics, Elsevier, vol. 178(C), pages 1-11.
    18. Gour Chandra Mahata & Sujit Kumar De, 2016. "An EOQ inventory system of ameliorating items for price dependent demand rate under retailer partial trade credit policy," OPSEARCH, Springer;Operational Research Society of India, vol. 53(4), pages 889-916, December.
    19. Dobson, Gregory & Pinker, Edieal J. & Yildiz, Ozlem, 2017. "An EOQ model for perishable goods with age-dependent demand rate," European Journal of Operational Research, Elsevier, vol. 257(1), pages 84-88.
    20. Ajoy Hatibaruah & Sumit Saha, 2023. "An inventory model for two-parameter Weibull distributed ameliorating and deteriorating items with stock and advertisement frequency dependent demand under trade credit and preservation technology," OPSEARCH, Springer;Operational Research Society of India, vol. 60(2), pages 951-1002, June.
    21. Chen, Jing & Dong, Ming & Rong, Ying & Yang, Liang, 2018. "Dynamic pricing for deteriorating products with menu cost," Omega, Elsevier, vol. 75(C), pages 13-26.

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