On the inventory model of goods apt to deteriorate after a certain period of time with permitted shortage

On the inventory model of goods apt to deteriorate after a certain period of time with permitted shortage

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Article ID: iaor2002544
Country: China
Volume: 17
Issue: 4
Start Page Number: 61
End Page Number: 66
Publication Date: Dec 2000
Journal: Mathematics in Economics
Authors: , ,
Keywords: deteriorating items
Abstract:

In this paper, we discuss the inventory model of goods which are apt to deteriorate after a certain period of time. That is, the shortage of goods is allowed and the goods must be delivered as soon as ordered. We also give the optimum inventory strategy.

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