An Eoq Model for Perishable Items under Stock and Time-dependent Selling Rate with Shortages
نویسندگان
چکیده
ABSTRACT In this paper, we study a deterministic inventory model for deteriorating items under time-dependent partial backlogging. Though lot of factors involving inventory affect the demand, among them time and stock are the most important factors. Therefore, we consider here the combined stock and time varying demand to make the theory more applicable in practice. We study the effects time dependent demand on the total profit and time factors. We prove that the optimal replenishment solution not only exists but is also unique. Numerical examples are given to illustrate the application of developed model.
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A new study of an EOQ model for deteriorating items with shortages under inflation and time discounting
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