ON INVENTORY MODEL FOR DETERIORATING ITEMS, EXPONENTIAL DECREASING DEMAND AND TIME VARYING HOLDING COST UNDER PARTIAL BACKLOGGING WITH SHORTAGES
Keywords:
partial backlogging shortages, time-varying holding cost, exponential demand, Inventory modelAbstract
In this work, we propose an inventory model for deteriorating items, with exponential decreasing demand and time-varying holding cost. Shortages is allowed and demand partially backlogged. The proposed model is solved analytically. A numerical example is used to illustrate the proposed model.
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