AJOR  Vol.4 No.1 , January 2014
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.


Cite this paper
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.
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