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A Note on the Criteria of Optimal Solution for Replenishment Policy for Ameliorating Item with Shortages

Author(s): Himani Dem

Journal: International Journal of Computer Applications
ISSN 0975-8887

Volume: 37;
Issue: 3;
Start page: 37;
Date: 2012;
Original page

Keywords: Ramp type demand | inflation | deterioration | amelioration | shortages

Ameliorating products are frequently seen in stock management. Considering ramp type pattern of time dependent demand for such products is a justification for the development of related inventory theory. In a recently published paper by Singh et al. (2011), such kind of problem is discussed. However, the solution given by author is incomplete because that fails to depict the case for optimal replenishment policy. In this article, the criteria for optimal solution of the considered model are found and the relevance of associated factors is discussed.
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