Optimal ordering policy with non- increasing demand for time dependent deterioration under fixed life time production and permissible delay in payments
Most of the items in the universe deteriorate over time. Many items such as pharmaceuticals, high tech products and readymade food products also have their expiration dates. This paper developes an economic order quantity model for retailer in which demand rate is linearly time dependent and non i...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Operations research society of Taiwan
2016-06-01
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| Series: | International Journal of Operations Research |
| Subjects: | |
| Online Access: | http://www.orstw.org.tw/ijor/vol13no2/IJOR2016_vol13_no2_p035_p046_final.pdf |