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1. An order-level lot size inventory model with inventory-level dependent demand and deterioration

Author

Sarker, Bhaba R., Mukherjee, Subhasis, and Balan, Chidambaram V.

Subjects
Economic lot size -- Models, Inventories -- Models, Business, Business, international, Engineering and manufacturing industries
Abstract

An inventory model is derived for the lot-size order-level system with finite production rate and inventory-level dependent demand and deterioration. Since the model factored in flexibility of varying demand, it can solve all combinations of deterioration or no deterioration and varying or constant demands. The model also closely represents real-life situations as it assumed a decrease in demand with the deterioration rate.

Published
1997

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