TITLE:
An Inventory Model for Deteriorating Items with Exponential Declining Demand and Time-Varying Holding Cost
AUTHORS:
Bhanu Priya Dash, Trailokyanath Singh, Hadibandhu Pattnayak
KEYWORDS:
Constant Deterioration; Exponential Declining Demand; Inventory; Time Dependent Holding Cost
JOURNAL NAME:
American Journal of Operations Research,
Vol.4 No.1,
January
6,
2014
ABSTRACT: In the present paper, a
total optimal cost of an inventory model with exponential declining demand and
constant deterioration is considered. The time-varying holding cost is a linear
function of time. Shortages are not allowed. The items (like food grains, fashion apparels and
electronic equipments) have
fixed shelf-life which decreases
with time during the end of the season. A numerical example is presented to
demonstrate the model and the sensitivity analysis of various parameters is carried out.