A Deterministic Inventory Model with Demand as a Function of Time for Items with a Static Rate of Deterioration

Pooja Soni, Rajender Kumar

Abstract: In this paper, a Deterministic Model is evolving for the objects decline by Demand as well as Deterioration, where we take demand as a function of Time with the Static rate of Deterioration. Here, Shortage is allowing and fully backlogging, Length of every production cycle is constant. Here, Refill magnitude is static and Refill rate is unlimited. Also, lead time is taking as zero. An Organization can use this model where demand varies with Time with a Constant rate of Deterioration.

Keywords: EOQ Model, time dependent Demand and Deterioration, shortage