An Inventory Model for Deteriorating Items with Exponential Declining Demand and Time-Varying Holding Cost

Abstract

In the present paper, a total optimal cost of an inventory model with exponential declining demand and constant deterioration is considered. The time-varying holding cost is a linear function of time. Shortages are not allowed. The items (like food grains, fashion apparels and electronic equipments) have fixed shelf-life which decreases with time during the end of the season. A numerical example is presented to demonstrate the model and the sensitivity analysis of various parameters is carried out.

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B. Dash, T. Singh and H. Pattnayak, "An Inventory Model for Deteriorating Items with Exponential Declining Demand and Time-Varying Holding Cost," American Journal of Operations Research, Vol. 4 No. 1, 2014, pp. 1-7. doi: 10.4236/ajor.2014.41001.

Conflicts of Interest

The authors declare no conflicts of interest.

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