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J. W. Ohlmann and J. C. Bean, “Resource-Constrained Management of Heterogeneous Assets with Stochastic Deterioration,” European Journal of Operational Research, Vol. 199, No. 1, 2009, pp. 198-208. doi:10.1016/j.ejor.2008.11.005

has been cited by the following article:

• TITLE: Optimal Policy and Simple Algorithm for a Deteriorated Multi-Item EOQ Problem

  AUTHORS: Bin Zhang, Xiayang Wang

  KEYWORDS: Inventory, EOQ, Deterioration, Multi-item

  JOURNAL NAME: American Journal of Operations Research, Vol.1 No.2, June 17, 2011

  ABSTRACT: This paper considers a deteriorated multi-item economic order quantity (EOQ) problem, which has been studied in literature, but the algorithms used in the literature are limited. In this paper, we explore the optimal policy of this inventory problem by analyzing the structural properties of the model, and introduce a simple algorithm for generating the optimal solution to this problem. Numerical results are reported to show effi-cacy of the proposed method.