Abstract
A Deterministic Inventory Model for Perishable Items with Lead Time and Price Dependent Demand
Highlights
Academicians as well as industrialists have great interest in the development of inventory control and their uses
Perishable inventory forms a small part of total inventory and includes fashionable garments, electronic items, digital products and periodicals
Wang [16] presented a note on EOQ model for perishable items with exponential distribution, deterioration and time dependent demand rate
Summary
Academicians as well as industrialists have great interest in the development of inventory control and their uses. Wang [16] presented a note on EOQ model for perishable items with exponential distribution, deterioration and time dependent demand rate They considered shortages in their inventory model. Hou and Lin [19] developed an EOQ model for deteriorating items with price and stock dependent selling rate. They considered the effect of inflation and time value of money in their inventory model. Roy et al [21] presented an inventory model for deteriorating items with stock dependent demand rate and fuzzy type inflation They considered time discounting over a random planning horizon. Maragatham and Palani [27] developed an inventory model for perishable items with lead time, price dependent demand and allowing shortages
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