An Inventory Ordering Model for Deteriorating Items with Compounding and Backordering
We consider the optimal order quantity problem for exponentially deteriorating items where the opportunity cost is based on compound interest and backorders are allowed. Our objectives in this research are to develop a model that accurately models deterioration, compound interest and backordering, a...
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| Format: | Article |
| Language: | English |
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MDPI AG
2021-06-01
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| Series: | Symmetry |
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| Online Access: | https://www.mdpi.com/2073-8994/13/6/1078 |