scholarly journals An inventory model for deteriorating items under time varying demand condition

2013 ◽  
Vol 8 (1) ◽  
pp. 1273-1278
Author(s):  
Srichandan Mishra ◽  
S.P. Mishra ◽  
N. Mishra ◽  
J. Panda
Keyword(s):  
Time Horizon ◽  
Cost Minimization ◽  
Inventory Model ◽  
Deteriorating Items ◽  
Time Varying ◽  
Infinite Time ◽  
Infinite Time Horizon ◽  
Demand Rate ◽  
Demand Condition ◽  
Varying Demand

In this paper we discuss the development of an inventory model for deteriorating items which investigates an instantaneous replenishment model for the items under cost minimization. A time varying type of demand rate with infinite time horizon, exponential deterioration and with shortage in considered. The result is illustrated with numerical example.

scholarly journals Optimal inventory control for ameliorating, deteriorating items under time varying demand condition

2014 ◽  
Vol 3 (1) ◽  
pp. 166-174
Author(s):  
Umakanta Misra ◽  
Srichandan Mishra ◽  
Minakshi Mallick ◽  
S K Paikrav
Keyword(s):  
Inventory Control ◽  
Time Horizon ◽  
Cost Minimization ◽  
Time Varying ◽  
Poultry Farm ◽  
Infinite Time ◽  
Demand Rate ◽  
Demand Condition ◽  
Varying Demand ◽  
Constant Deterioration

In this paper we discuss the development of an inventory model for ameliorating items such as fast growing animals like duck, pigs, broiler  in poultry farm, high-bred fishes with instantaneous replenishment  for the above type of items under cost minimization. A time varying type of demand rate with infinite time horizon, constant deterioration and without shortage is considered for the model. The result is illustrated with numerical example.

THE EFFECT OF CREDIT PERIOD ON THE OPTIMAL LOT SIZE FOR DETERIORATING ITEMS WITH TIME VARYING DEMAND AND DETERIORATION RATES

2005 ◽  
Vol 22 (02) ◽  
pp. 211-227 ◽  
Author(s):  
HORNG-JINH CHANG ◽  
CHUNG-YUAN DYE
Keyword(s):  
Inventory Model ◽  
Deteriorating Items ◽  
Simple Solution ◽  
Future Research ◽  
Time Varying ◽  
Lot Size ◽  
Credit Period ◽  
Numerical Examples ◽  
Varying Demand ◽  
Ordering Quantity

In this paper, we present an inventory model for deteriorating items with time varying demand and deterioration rates when the credit period depends on the retailer's ordering quantity. We also provide simple solution procedures for finding the optimal replenishment period and show in a rigorous way that the policy suggested is indeed optimal. Further, we use numerical examples to illustrate the model and conclude the paper with suggestions for possible future research.

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