Authors:
Sudip Adak,G.S. Mahapatra,DOI NO:
https://doi.org/10.26782/jmcms.2018.12.00010Keywords:
Deterioration,Reliability,Credit period,Inflation,Delay payment,Abstract
This paper presents an inventory model for deteriorating items with a constant rate of deterioration and the demand rate is flexible which depends on the price, stock as well as the reliability of the products. This model allowing the shortage under inflation, and delay in payment is also taken into account. We consider situation of the credit period is less than or greater than the cycle time for settling the account. Numerical example is given for different cases and sensitivity analysis is carried out to analyze the effect of the parameters on the optimal solution.Refference:
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Author(s): Sudip Adak, G.S. Mahapatra View Download