A replenishment policy for deteriorating items with order size dependent replenishment cost and time dependent demand
DOI:
https://doi.org/10.34117/bjdv10n1-058Keywords:
inventory, deterioration, replenishment, demandAbstract
In this article a replenishment policy for deteriorating items over a finite time horizon where the demand increases exponentially with time has been discussed. This model is established with assumption that the successive replenishment cycle lengths are the same. This has been proved several times that an optimal replenishment schedule where the replenishment cost is constant in each cycle length over the finite time horizon. Here the replenishment cost per replenishment is taken to be linearly dependent on the order size of the replenishment. Shortages are allowed and are fully backlogged.
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