Article ID: | iaor20082883 |
Country: | India |
Volume: | 44 |
Issue: | 3 |
Start Page Number: | 251 |
End Page Number: | 260 |
Publication Date: | Sep 2007 |
Journal: | OPSEARCH |
Authors: | Gupta Ranjana, Srivastava Meenakshi |
Keywords: | economic order, deteriorating items |
In this paper, an infinite time-horizon inventory model has been developed for deteriorating items assuming the demand rate to be constant for some time and then as a linear function of time. The theoretical expressions are obtained for optimum inventory level and total average cost. The model is illustrated with the help of numerical example. Sensitivity analysis has also been conducted to study the effect of the parameter on optimum policies.