An inventory model for deteriorating items under time varying demand condition | Zendy

Srichandan Mishra | Zendy; S.P. Mishra | Zendy; Nitin Kumar Mishra | Zendy; Jagannath Panda | Zendy

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An inventory model for deteriorating items under time varying demand condition

Author(s) -

Srichandan Mishra,

S.P. 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.

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