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An Inventory Model of Deteriorating Items with Life Time for Exponential Demand under Trade Credit and Time Discounting
1Kavita C. Griglani*, 2P. N. Mishra

Published in: International Journal of Scientific Review and Research in Engineering and Technology
Volume- 1, Issue-5, pp.55-64, Aug 2016
DPI :-> 16.10069.IJSRRET.2016.V1I5.5564.1337



Abstract
In this paper, an inventory model has been discussed for the products which deteriorate with life time. Here the rate of deterioration of items is taken as constant and the demand rate is considered as an exponential function of time i.e. e^t.The model has been derived by taking trade credit and time discounting factors into consideration. This model has been derived in order to minimize total relevant cost.

Key-Words / Index Term
Trade credit, Time discounting, Deterioration, Lifetime.

How to cite this article
1Kavita C. Griglani*, 2P. N. Mishra , “An Inventory Model of Deteriorating Items with Life Time for Exponential Demand under Trade Credit and Time Discounting”, International Journal of Scientific Review and Research in Engineering and Technology, 1, Issue-5, pp.55-64, Aug 2016. DPI:16.10069.IJSRRET.V1.I5.1337