Inventory Model for Deteriorating Items with no Shortages

P. Mariappan, M. Kameswari, M. Antony Raj
2017 Annals of Pure and Applied Mathematics  
This paper develops a lot-sizing model for deteriorating items by allowing the demand and the deterioration time to be stochastic and follows an exponential distribution. The formula for the essential parameters are derived. The model is tested with the empirical data and the results are furnished.
doi:10.22457/apam.v15n2a19 fatcat:ca3il6u7nzgs3bg3u74jebjvqq