Traditional newsvendor models usually focus on single profit maximization or cost minimization approaches. However, making a monetary estimate of the consequences of lost sales as a result of shortages is often a difficult task for many practitioners. Besides, there is still a lack of an...

The purpose of this study is to combine production-inventory management with process-quality design for determining production lot size and process parameters under the possibility of process deterioration and breakdown. The total cost of such an integrated model includes: the combined setup...

This paper deals with an EOQ (Economic Order Quantity) model for deteriorating items having the following characteristics: 1) Deteriorating items follow a three-parameter Weibull distribution deterioration rate; 2) Shortages are allowed and are partially backlogged; 3) Salvage value of items is...

Purpose: The purpose of this paper to develop an inventory model for instantaneous deteriorating items with the consideration of the facts that the deterioration rate can be controlled by using the preservation technology (PT) and the holding cost & demand rate both are linear function of time...

In recent times, in the literature of inventory management there exists a notorious interest in production-inventory models focused on imperfect production processes with a deterministic time horizon. Nevertheless, it is well-known that there is a high influence and impact caused by the learning...