A finite-horizon model for inventory returns and special sales of deteriorating items with shortages

A finite-horizon model for inventory returns and special sales of deteriorating items with shortages

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Article ID: iaor19941679
Country: Singapore
Volume: 8
Issue: 2
Start Page Number: 179
End Page Number: 188
Publication Date: Nov 1991
Journal: Asia-Pacific Journal of Operational Research
Authors: ,
Keywords: deteriorating items
Abstract:

In this article, a finite-horizon model for inventory returns and special sales of deteriorating items has been developed allowing shortages. It is assumed that the item begin to deteriorate at a constant rate only after a fixed interval of time from the instant of their arrival in stock. A numerical example has also been added to illustrate the results obtained.

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