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: | Datta T.K., Pal A.K. |
Keywords: | deteriorating items |
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.