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An EOQ model for deteriorating items with time dependent exponential demand rate and penalty cost
The present paper deals with an EOQ model for deteriorating items with time-dependent exponential demand rate and partial backlogging. Shortages are allowed and completely backlogged in this model. The backlogging rate of unsatisfied demand is assumed as a function of waiting time. The concept of penalty cost is introduced in the proposed model because there are many perishable products that do not deteriorate for some period of time and after that period they continuously deteriorate and losedoi:10.5277/ord190303 fatcat:7z3oviil3nfyppiz3dfo7dq4ae