Article ID: | iaor20071074 |
Country: | Singapore |
Volume: | 21 |
Issue: | 3 |
Start Page Number: | 319 |
End Page Number: | 331 |
Publication Date: | Sep 2004 |
Journal: | Asia-Pacific Journal of Operational Research |
Authors: | Shah Nita H. |
Keywords: | deteriorating items |
An order level inventory model is developed for deteriorating items with a constant rate of deterioration and vendor offering delay in payments. The model is developed under probabilistic demand. It is shown that the model derived can be related to the existing model for non-deteriorating items and when delay in payments is not permissible. The model is supported by a probability distribution function.