| Article ID: | iaor20011160 |
| Country: | United States |
| Volume: | 29 |
| Issue: | 2 |
| Start Page Number: | 121 |
| End Page Number: | 125 |
| Publication Date: | Feb 1998 |
| Journal: | International Journal of Systems Science |
| Authors: | Shah Y.K., Shah N.H. |
| Keywords: | deteriorating items |
An inventory model is developed for items that deteriorate continuously in time when demand is a random variable. It is assumed that the supplier allows delayed payment for settling the replenishment account. The model is continuous in units but discrete in time. A numerical example is given to illustrate the derived results.