Abstract
This study presents an inventory model for items with an exponential demand rate under a permissible delay in payments. Shortages are allowed and some properties are discussed. Mathematical models are derived under two different situations i.e. Case I: The permissible delay period is less than or equal to T 1 for settling of the account, and Case II: The permissible delay period is greater than T1 for settling of the total inventory cost. Finally, numerical examples demonstrate the applicability of the proposed model.
Published Version
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: International Journal of Management Science and Engineering Management
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
