EOQ models for perishable items under stock dependent selling rate. (English) Zbl 0906.90054

Padmanabhan, G.; Vrat, Prem

Eur. J. Oper. Res. 86, No. 2, 281-292 (1995).

Summary: This paper presents inventory models for perishable items with stock dependent selling rate. The selling rate is assumed to be a function of current inventory level and rate of deterioration is taken to be constant. Under instantaneous replenishment with zero lead time, the model incorporates aspects such as complete, partial, and no backlogging. EOQ is determined for maximizing the total profit in each of the situations. The models developed are illustrated through numerical examples and sensitivity analysis is reported.

MSC:

90B05

Inventory, storage, reservoirs

Keywords:

inventory models; perishable items; stock dependent selling rate; rate of deterioration; sensitivity analysis

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