| Article ID: | iaor20051226 |
| Country: | Netherlands |
| Volume: | 47 |
| Issue: | 4 |
| Start Page Number: | 339 |
| End Page Number: | 349 |
| Publication Date: | Dec 2004 |
| Journal: | Computers & Industrial Engineering |
| Authors: | Mukherjee R.N., Chaudhuri K.S., Mukhopadhyay S. |
| Keywords: | deteriorating items |
An inventory model is developed for a deteriorating item with a price-dependent demand rate. The rate of deterioration is taken to be time-proportional and a power law form of the price-dependence of demand is considered. The model is solved analytically and is illustrated with a numerical example.