International Journal of Operations Research and Optimization
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International Journal of Operations Research and OptimizationJul-Dec 2016 Vol:7 Issue:2

A Supply Chain Inventory Model for Deteriorating Products with Stock Dependent Demand under Inflation and Shortages

Abstract

In the present model we have tried to combine all above mentioned realistic features in a single model. This is a production inventory model in which the production rate is taken as a function of demand rate and demand rate is taken as a function of available stock level to make the study close to reality. In this the shortages are allowed and occurring shortages are partially backlogged at a constant rate. The model is developed under inflationary environment. A numerical example and sensitivity analysis is also presented to illustrate the model.

Author

S.R. Singh, Lalit Gupta  ( Pages 93-104 )
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Keyword

Inflation, Shortages

References

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