A Continuous Deterministic Inventory System for Deteriorating Items with Inventory-Level-Dependent Time Varying Demand Rate (Report)
Tamsui Oxford Journal of Mathematical Sciences 2007, Nov, 23, 2
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Publisher Description
Abstract A continuous deterministic inventory model for deteriorating items is developed under instantaneous replenishment and stock-dependent time--varying demand rate. A numerical example is taken to determine the optimal average cost. A sensitivity analysis is carried out to demonstrate the effects of changing parameter values on the optimal solution of the system.
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