PROBABILISTIC ORDER LEVEL SYSTEM WHEN ITEMS IN INVENTORY DETERIORATE AND DELAY IN PAYMENTS IS PERMISSIBLE

Nita H. Shah ()
Additional contact information
Nita H. Shah: Department of Mathematics, Gujarat University, Ahmedabad — 380009, Gujarat, India

Asia-Pacific Journal of Operational Research (APJOR), 2004, vol. 21, issue 03, 319-331

Abstract: 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.

Keywords: Deterioration; credit period; stochastic demand (search for similar items in EconPapers)
Date: 2004
References: View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.worldscientific.com/doi/abs/10.1142/S0217595904000266
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:apjorx:v:21:y:2004:i:03:n:s0217595904000266

Ordering information: This journal article can be ordered from

DOI: 10.1142/S0217595904000266

Access Statistics for this article

Asia-Pacific Journal of Operational Research (APJOR) is currently edited by Gongyun Zhao

More articles in Asia-Pacific Journal of Operational Research (APJOR) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().