An Inventory Model for Deteriorating Items with Exponential Declining Demand and Time-Varying Holding Cost

Bhanupriya Dash · Trailokyanath Singh · Hadibandhu Pattnayak

40 citations0/0 files storedAmerican Journal of Operations Research

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Supply Chain and Inventory Management Sustainable Supply Chain Management Optimization and Mathematical Programming

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.

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References

2001Recent trends in modeling of deteriorating inventory 1991Survey of Literature on Continuously Deteriorating Inventory Models 1963A model for an exponentially decaying inventory 1981(T, S i ) Policy Inventory Model for Deteriorating Items with Time Proportional Demand 1996Optimal Pricing and Lot-Sizing Under Conditions of Perishability and Partial Backordering 1999An EOQ Model for Deteriorating Items with Time Varying Demand and Partial Backlogging 1995A deterministic lot-size inventory model for deteriorating items with shortages and a declining market 1993Economic production lot size model for deteriorating items with partial back-ordering

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2017Inventory Models for Spare Parts Management: A Review 2017Inventory Decisions for Imperfect Quality Deteriorating Items with Exponential Declining Demand Under Trade Credit and Partially Backlogged Shortages 2020Optimizing preservation strategies for deteriorating items with time-varying holding cost and stock-dependent demand 2017Optimal Pricing and Replenishment of an Expiring Inventoried Product under Heterogeneous Consumer Sensitivities

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