Lot sizing with inventory-level dependent demand and deterioration

Document Type

Conference Proceeding

Publication Date

12-1-1996

Abstract

For perishable goods, the age of inventory has a negative impact on tho demand due to loss of consumer confidence. This paper describes an inventory model in which the demand is inventory level dependent and the decay rate is exponential. The optimal lot size and order level are determined by minimizing the total cost function using boundary relations.

Publication Source (Journal or Book title)

Proceedings - Annual Meeting of the Decision Sciences Institute

First Page

1093

Last Page

1095

This document is currently not available here.

Share

COinS