An integrated multi-lot-size production inventory model for deteriorating item
Computers and Operations Research
Computers and Operations Research
A note on the inventory model for deteriorating items with trapezoidal type demand rate
Computers and Industrial Engineering
Computers and Industrial Engineering
Inventory model for seasonal demand with option to change the market
Computers and Industrial Engineering
International Journal of Data Analysis Techniques and Strategies
Computers & Mathematics with Applications
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A single item order level inventory model for a seasonal product is discussed where the demand rate is represented by a ramp-type time dependent function. A constant fraction of on hand inventory deteriorates per unit time. Shortages are not allowed. The model is developed over a finite time horizon (time period of a season) to determine optimal replenishment policy by minimizing total system running cost of entire season. An algorithm is provided to find the solution of the problem. A numerical example is presented and sensitivity analysis of the model is carried out. The rationale for time dependent ramp-type demand is also discussed.