A product life cycle is the life span of a product in which the period begins with the initial product specification and ends with the withdrawal from the market of both the product and its support. A product life cycle can be divided into several stages characterized by the revenue generated by the product. This study investigates inventory control policies in a manufacturing system for a si...

A two warehouse production inventory model for deteriorating items is explored in an inflation induced demand and partial backlogging under the effect of learning on set-up cost. Holding cost is treated as a linear function of time and production rate is taken as a linear combination of demand and on-hand inventory. A finite planning horizon inventory problem having two separate warehouses, one...

In inventory, the utility of the deteriorating items decreases with time. The degree of deterioration of product utility can be treated as penalty cost in the inventory replenishment system. In this paper, we present EOQ model for those perishable products, which do not deteriorate for some period of time and after that time they continuously deteriorate with time and loose their importance. Th...

The items that incur a gradual loss in quality or quantity over time while in inventory are usually called deteriorating items. In reality, there are some items whose value or utility or quantity increase with time and those items can be termed as ameliorating items. In this paper, an effort has been made to incorporate these two opposite physical characteristics of stored items into inventory ...

This paper develops an inventory model for non deteriorating items with time dependent demand rate of production with constant inflation rate. In this model shortages are not allowed, the effect of inflation rate and delay in payments are discussed. In the study mathematical models are also derived under two different cases, i.e. Case-I the credit period is less than or equal to the cycle time ...

Abstract: In this paper a study has been carried out using crisp and fuzzy inventory model for the deteriorating items under trapezoidal fuzzy numbers when the supplier offered price discount to the retailer at the time of replenishment. In this model the deterioration rate is constant. Many researchers suggested, demand rate in the inventory models are constant, exponential (increase/decrease)...