An Inventory Model For Non – Instantaneous Deteriorating Products With Price And Time Dependent Demand

Abstract

Many inventory models have been developed by many researchers for deteriorating products. But certain products do not deteriorate immediately. In fact the deterioration starts after certain period of time. This kind of deterioration is known as non – instantaneous deterioration. In the present paper an inventory model for non – instantaneous deteriorating products with price and time dependent demand have been given. Shortages are allowed and completely backlogged. Numerical examples have been considered to demonstrate the effectiveness of the model.

Keywords: Price and time dependent demand, non – instantaneous deterioration, inventory, shortages