An Optimal Inventory Policy for Items Having Constant Demand and Constant Deterioration Rate with Trade Credit

R. P. Tripathi and S. S. Misra
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R. P. Tripathi: Uttarakhand Technical University, India
S. S. Misra: DRDO, India

International Journal of Information Systems and Supply Chain Management (IJISSCM), 2012, vol. 5, issue 2, 89-95

Abstract: In most of the classical inventory models the demand is considered as constant. In this paper the model has been framed to study the items whose demand and deterioration both are constant. The authors developed a model to determine an optimal order quantity by using calculus technique of maxima and minima. Thus, it helps a retailer to decide its optimal ordering quantity under the constraints of constant deterioration rate and constant pattern of demand.

Date: 2012
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