Optimal production strategy for deteriorating items with varying demand pattern under inflation

This paper presents production-inventory models for deteriorating items with increasing-steady-decreasing demand pattern under the effect of inflation and time value of money. This type of demand behavior can be observed in some fashion products or seasonal products in general. Shortages are allowed...

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Bibliographic Details
Main Authors: Ibraheem Abdul, Atsuo Murata
Format: Article
Language:English
Published: Growing Science 2011-07-01
Series:International Journal of Industrial Engineering Computations
Subjects:
Online Access:http://www.growingscience.com/ijiec/Vol2/IJIEC_2011_16.pdf