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An Inventory model for deteriorating items with on-hand inventory dependent, variable type demand rate

Srichandan Mishra, L. K. Raju, U. K. Misra, G. Misra

Abstract


A model for deterministic perishable items that follows variable type demand rate with infinite time horizon without shortages is considered. An optimal production policy is derived with maximization of profit. The result is illustrated with numerical example.

Keywords


Variable demand, on-hand inventory, shortages, replenishment cost.

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