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The Effect of Initial Inventory Level on the Rates of Deteriorating and Production

International Journal of Economics and Management Studies
© 2018 by SSRG - IJEMS Journal
Volume 5 Issue 2
Year of Publication : 2018
Authors : Ali Khaleel Dhaiban, Ehab A. Mahmood
10.14445/23939125/IJEMS-V5I2P102
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How to Cite?

Ali Khaleel Dhaiban, Ehab A. Mahmood, "The Effect of Initial Inventory Level on the Rates of Deteriorating and Production," SSRG International Journal of Economics and Management Studies, vol. 5,  no. 2, pp. 12-15, 2018. Crossref, https://doi.org/10.14445/23939125/IJEMS-V5I2P102

Abstract:

This study clarified the effect of initial inventory on the deterioration, thus on the rate of production. The study suggested a new technique to determine the deterioration items in the production-inventory system depending on the lifetime. In other words, divided stored items into groups depending on the production date to determine the deterioration. The optimal control model was derived under periodic review policy. Our numerical results show that new suggested techniques were efficient to determine the deterioration compared with other techniques.

Keywords:

Production-inventory system; Optimal control; Deterioration items.

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