Open AccessAn inventory model for deteriorating items under time varying demand condition
Author(s) -
Satya Mohan Mishra,
Satya Mohan Mishra,
Nitin Kumar Mishra,
Jagannath Panda
Publication year - 2013
Publication title -
international journal of management and information technology
Language(s) - English
Resource type - Journals
ISSN - 2278-5612
DOI - 10.24297/ijmit.v8i1.691
Subject(s) - economic shortage , minification , time horizon , exponential function , computer science , mathematical optimization , econometrics , economics , operations research , mathematics , mathematical analysis , linguistics , philosophy , government (linguistics)
In this paper we discuss the development of an inventory model for deteriorating items which investigates an instantaneous replenishment model for the items under cost minimization. A time varying type of demand rate with infinite time horizon, exponential deterioration and with shortage in considered. The result is illustrated with numerical example.