An Inventory Model for Perishable Items with Time Varying Stock Dependent Demand and Trade Credit under Inflation

Sushil Kumar, U. S. Rajput
2015 American Journal of Operations Research  
In the classical inventory models, it is assumed that the retailer pays to the supplier as soon as he received the items and in such cases the supplier offers a cash discount or credit period (permissible delay) to the retailer. In this paper we presented an inventory model for perishable items with time varying stock dependent demand under inflation. It is assumed that the supplier offers a credit period to the retailer and the length of credit period is dependent on the order quantity. The
more » ... er quantity. The purpose of our study is to minimize the present value of retailer's total cost. Numerical examples are also given to demonstrate the presented mode.
doi:10.4236/ajor.2015.55036 fatcat:6ji3da3ibrab7frvpbsvj5ppzm