International Journal of Mathematics Trends and Technology
Volume 10 | Number 2 | Year 2014 | Article Id. IJMTT-V10P513 | DOI : https://doi.org/10.14445/22315373/IJMTT-V10P513
An inventory replenishment problem for a deteriorating item is considered over a finite time-horizon with shortages in all cycles and stock-dependent demand rate. The effects of inflation and time-value of money are also taken into account. The advantage of allowing shortages in all cycles is illustrated with an example. A sensitivity analysis of the optimal solution with respect to the parameters of the system is carried out. The results for a non-deteriorating item are also derived as a limiting case of the general model.
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Jayjayanti Ray, "A Study of an Inflationary Inventory Model with Stock-Dependent Demand and Shortages," International Journal of Mathematics Trends and Technology (IJMTT), vol. 10, no. 2, pp. 76-84, 2014. Crossref, https://doi.org/10.14445/22315373/IJMTT-V10P513
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