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An Inventory Model for Deteriorating Items with Lead Time price Dependent Demand and Shortages
| Content Provider | Semantic Scholar |
|---|---|
| Author | Maragatham, M. Palani, R. |
| Copyright Year | 2017 |
| Abstract | In the past few decade researchers have developed their economic order quantity (EOQ) model under constant deterioration and constant demand. However, it is not true in actual practice. In this paper deterministic inventory model is developed, in which deterioration rate is time proportional , demand rate is a function of selling price and inventory holding cost, ordering cost and deterioration rate are all of function of time. The optimum replanishment policy rule, which minimizes the total cost is determined. In this study inventory model for deteriorating items with single warehouse is considered. In this model shortages are allowed during lead time and it is completely backlogged. The derived model is illustrated by a numerical example. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://www.ripublication.com/acst17/acstv10n6_28.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
