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An Optimal Inventory Policy for Items Having Constant Demand and Constant Deterioration Rate with Trade Credit`

Tripathi, R. P. and Misra, Sanjay (2012) An Optimal Inventory Policy for Items Having Constant Demand and Constant Deterioration Rate with Trade Credit`. International Journal of Information Systems and Supply Chain Management, 5 (2). pp. 89-95.

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Abstract

In most of the classical inventory models the demand is considered as constant. In this paper the model has been framed to study the items whose demand and deterioration both are constant. The authors developed a model to determine an optimal order quantity by using calculus technique of maxima and minima. Thus, it helps a retailer to decide its optimal ordering quantity under the constraints of constant deterioration rate and constant pattern of demand.

Item Type: Article
Uncontrolled Keywords: Constant Demand, Constant Deterioration Rate, Credit Period, Maxima, Minima, Optimal Payment Time
Subjects: Q Science > QA Mathematics > QA75 Electronic computers. Computer science
Q Science > QA Mathematics > QA76 Computer software
Divisions: Faculty of Engineering, Science and Mathematics > School of Electronics and Computer Science
Depositing User: Mrs Patricia Nwokealisi
Date Deposited: 25 Mar 2014 21:47
Last Modified: 25 Mar 2014 21:47
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/2268

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