An EOQ model for deteriorating items with shortages and time-varying demand

An EOQ model for deteriorating items with shortages and time-varying demand

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Article ID: iaor19951988
Country: United Kingdom
Volume: 46
Issue: 3
Start Page Number: 398
End Page Number: 404
Publication Date: Mar 1995
Journal: Journal of the Operational Research Society
Authors:
Abstract:

In a recent paper, Goswami and Chaudhuri considered the inventory replenishment problem for a deteriorating item with linearly time-varying demand, finite shortage cost, and equal replenishment intervals. The analysis contained mathematical errors. The present paper proposes the correct theory for this problem. Numerical examples are included.

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