Abstract
Wee (International Journal of Production Economics 59 (1999) 511), in his interesting paper presented a deterministic inventory model with the following characteristics. Quantity discount schemes for the unit cost, partial backlogging at a fixed rate, deterioration of stock in time and demand rate being a linear function of the selling price. In this article we generalize the work of Wee (1999). More specifically, we consider a model where the demand rate is a convex decreasing function of the selling price and the backlogging rate is a time-dependent function, which ensures that the rate of backlogged demand increases as the waiting time to the following replenishment point decreases.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
