An inventory model with truncated exponential replenishment intervals and special sale offer

作者：Karimi Nasab M; Wee H M^*

来源：Journal of Manufacturing Systems, 2015, 35: 246-250.

DOI：10.1016/j.jmsy.2014.09.003

• Special sale price
• Truncated exponential distribution
• Stochastic replenishment interval
• Partial backordering

In this study, we develop an inventory model with stochastic replenishment intervals and special sale offer from a supplier. The replenishment interval is assumed to obey a truncated exponential distribution and shortage is partially backordered. Our goal in this research is to maximize the total profit of cost savings due to special sale offer from supplier. A closed-form solution of the model and its convexity condition is developed. A numerical example with real world data is provided to illustrate the theory.

• 出版日期2015-4