Inventory model for Exponential Deterioration Items with Power Dependent Demand

Abstract

In this paper we develop and analyze an inventory model assumption that deterioration rate follows Exponential distributions with power dependent demand. With shortage and without shortage both cases have been taken care of in developing the inventory models. Shortages are fully backlogged whenever they are allowed. Through numerical examples the results are illustrated. The sensitivity analysis for the model has been performed to study the effect changes of the values of the parameters associated with the model.