Abstract
An Inventory Model for Decaying Items, Considering Multi Variate Consumption Rate with Partial Backlogging
Highlights
Many realistic experiences disclose that some but not all customers will wait for backlogged items during a shortage period, such as for fashionable supplies and the products with short life cycle
In the present study we have developed a partial backlogging inventory model for deteriorating items considering stock and price sensitive demand rate in fuzzy surroundings
In the current study an inventory model is presented in which demand rate is considered as a function of price and stock both
Summary
Many realistic experiences disclose that some but not all customers will wait for backlogged items during a shortage period, such as for fashionable supplies and the products with short life cycle. It is necessary to consider backlogging rate Researchers, such as Park [8], Hollier and Mak [9] and Wee [11] developed inventory models with partial backorders. Wu et al [12] developed a replenishment policy for deteriorating items with stock-dependent demand and partial backlogging. Mandal and Phaujdar [3] developed a production inventory model for deteriorating items with uniform rate of production and linearly stock-dependent demand. In the present study we have developed a partial backlogging inventory model for deteriorating items considering stock and price sensitive demand rate in fuzzy surroundings.
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