期刊名称：International Journal of Industrial Engineering Computations
印刷版ISSN：1923-2926
电子版ISSN：1923-2934
出版年度：2013
卷号：4
期号：4
页码：599-609
DOI：10.5267/j.ijiec.2013.06.005
语种：English
出版社：Growing Science Publishing Company
摘要：In this paper, an inventory model of two-warehouse is considered, which evaluates the impact of a reduction rate in the selling price with volume flexibility. In real life, there are many products, which may decay or deteriorate or become obsolete. Therefore, one alternative is to clear the stock by selling a large amount of items at reduced prices. Taking this concept into account, this paper considers a fixed demand rate at the beginning of planning until the certain time point occurs, while demand is assumed to follow the pattern of nonlinear and non-decreasing power function of the reduction rate. The total cost function includes warehouse and rented warehouse holding costs, set up cost and the production cost. Numerical illustrations are given to exemplify the model and the proposed model is solved using a Genetic Algorithm (GA) with sensitivity analysis.
关键词：Constant and price varying demands; Two-warehouse; Volume flexibility
