A note on an order-level inventory model for a deteriorating item with time-dependent quadratic demand. (English) Zbl 1047.90002

Khanra, S.; Chaudhuri, K. S.

Comput. Oper. Res. 30, No. 12, 1901-1916 (2003).

Summary: An order-level inventory problem is discussed with the demand rate being represented by a continuous, quadratic function of time. It is assumed that a constant fraction of the on-hand inventory deteriorates per unit of time. The solution of the model is discussed both for infinite and finite time-horizon. A numerical example is taken up to illustrate the solution procedure and sensitivity analysis is also carried out. The rationale for the time-dependent quadratic demand is discussed.

MSC:

90B05

Inventory, storage, reservoirs

Keywords:

Inventory; Deterioration; Quadratic demand

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