Value of supplier flexibility and initial shelf life information in an EOQ environment,

2018-07-07
We consider an infinite horizon, continuous review inventory modelwith deterministic stationary demand where the shelf life of the itemsis uncertain. The initial life times of the incoming items from the supplieris a discrete random variable. When the age of the items reachesthe initial shelf-life, a quality control test for which the outcome israndom is applied. According to the result of this test, it is possibleto use the items to satisfy demand for an additional time period. Inthis environment, our objective is to investigate the supplier flexibilitywhich is modeled by including a return policy and the initial shelf lifeinformation received before ordering decisions. Several scenarios areconstructed and compared using Renewal Theory.
Citation Formats
Z. P. Bayındır, C. Şar, and İ. S. Bakal, “Value of supplier flexibility and initial shelf life information in an EOQ environment,” 2018, Accessed: 00, 2021. [Online]. Available: https://hdl.handle.net/11511/77501.