Inventory model for non-instantaneous deteriorating item with random pre-deterioration period

Manisha Pal and Anwesha Samanta

International Journal of Inventory Research, 2018, vol. 5, issue 1, 3-12

Abstract: The paper studies an inventory model for non-instantaneous deteriorating item where the deterioration of the item is initiated at a random time point. It is assumed that no shortages are allowed and demand occurs uniformly but at different rates during pre- and post-deterioration periods. The optimum order quantity and reorder intervals are determined so as to minimise the total expected cost per unit length of an inventory cycle. Numerical examples are cited and a sensitivity analysis is carried out to study the effect of model parameters on the optimum policy.

Keywords: inventory control; periodic review model; non-instantaneous deteriorating item; random pre-deterioration period; uniform demand rate. (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (3)

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