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The proposed model considers the products with finite shelf-life which causes a small amount of decay. The market demand is assumed to be level dependent and in a linear form. The model has also considered the constant production rate which stops attaining a desired level of inventories and that is the highest level of inventories. Production starts with a buffer stock and without any sort of backlogs. Due to the market demand and product's decay, the inventory reduces to the level of bufferdoi:10.4236/ajor.2016.61008 fatcat:gibm2idrcfeybemqk3h2ewxmwa