Inventory model with quantity discount, pricing and partial backlogging for a deteriorating items

2019 ◽  
Vol 35 (2) ◽  
pp. 208 ◽  
Author(s):  
Devendra Singh ◽  
Pushpa Rao ◽  
Dinesh Singh ◽  
R.P. Tripathi
Author(s):  
Vikas Kumar

Abstract: In this paper, we formulate a deteriorating inventory model with stock-dependent demand Moreover, it is assumed that the shortages are allowed and partially backlogged, depending on the length of the waiting time for the next replenishment. The objective is to find the optimal replenishment to maximizing the total profit per unit time. We then provide a simple algorithm to find the optimal replenishment schedule for the proposed model. Finally, we use some numerical examples to illustrate the model. Keywords- Inventory, Deteriorating items, Stock dependent demand, Partial backlogging


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