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An Optimal Inventory Policy for Items Having Constant Demand and Constant Deterioration Rate with Trade Credit

Author

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  • R. P. Tripathi

    (Uttarakhand Technical University, India)

  • S. S. Misra

    (DRDO, India)

Abstract

In most of the classical inventory models the demand is considered as constant. In this paper the model has been framed to study the items whose demand and deterioration both are constant. The authors developed a model to determine an optimal order quantity by using calculus technique of maxima and minima. Thus, it helps a retailer to decide its optimal ordering quantity under the constraints of constant deterioration rate and constant pattern of demand.

Suggested Citation

  • R. P. Tripathi & S. S. Misra, 2012. "An Optimal Inventory Policy for Items Having Constant Demand and Constant Deterioration Rate with Trade Credit," International Journal of Information Systems and Supply Chain Management (IJISSCM), IGI Global, vol. 5(2), pages 89-95, April.
  • Handle: RePEc:igg:jisscm:v:5:y:2012:i:2:p:89-95
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    Cited by:

    1. Janssen, Larissa & Claus, Thorsten & Sauer, Jürgen, 2016. "Literature review of deteriorating inventory models by key topics from 2012 to 2015," International Journal of Production Economics, Elsevier, vol. 182(C), pages 86-112.
    2. Gaurav Nagpal & Udayan Chanda & Himanshu Seth & Namita Ruparel, 2022. "Inventory Replenishment Policies for Two Successive Generations of Technology Products Under Permissible Delay in Payments," International Journal of Information Systems and Supply Chain Management (IJISSCM), IGI Global, vol. 15(1), pages 1-29, January.

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