A Perishable Inventory Model with Return

2nd International Conference on Mathematics, Science, Education and Technology

数学;自然科学;教育

Setiawan, S.W.^1 ; Lesmono, D.^1 ; Limansyah, T.^1

Department of Mathematics, Universitas Katolik Parahyangan, Jalan Ciumbuleuit 94, Bandung

40141, Indonesia^1

关键词: Cost-increases;    Deterministic demand;    Inventory-dependent demand;    Numerical experiments;    Optimal order quantity;    Order quantity;    Perishable inventory;    Perishable items;   

Others  :  https://iopscience.iop.org/article/10.1088/1757-899X/335/1/012049/pdf
DOI  :  10.1088/1757-899X/335/1/012049

来源: IOP

【 摘 要 】

In this paper, we develop a mathematical model for a perishable inventory with return by assuming deterministic demand and inventory dependent demand. By inventory dependent demand, it means that demand at certain time depends on the available inventory at that time with certain rate. In dealing with perishable items, we should consider deteriorating rate factor that corresponds to the decreasing quality of goods. There are also costs involved in this model such as purchasing, ordering, holding, shortage (backordering) and returning costs. These costs compose the total costs in the model that we want to minimize. In the model we seek for the optimal return time and order quantity. We assume that after some period of time, called return time, perishable items can be returned to the supplier at some returning costs. The supplier will then replace them in the next delivery. Some numerical experiments are given to illustrate our model and sensitivity analysis is performed as well. We found that as the deteriorating rate increases, returning time becomes shorter, the optimal order quantity and total cost increases. When considering the inventory-dependent demand factor, we found that as this factor increases, assuming a certain deteriorating rate, returning time becomes shorter, optimal order quantity becomes larger and the total cost increases.