Theory and Methodology: EOQ models for perishable items under stock dependent selling rate

Thumbnail Image
Date
1995
Authors
Padmanabhan, G
Vrat, Prem
Journal Title
Journal ISSN
Volume Title
Publisher
Abstract
This paper presents inventory models for perishable items with stock dependent selling rate. The selling rate is assumed to be a function of current inventory level and rate of deterioration is taken to be constant. Under instantaneous replenishment with zero lead time, the model incorporates aspects such as complete, partial, and no backlogging. EOQ is determined for maximizing the total profit in each of the situations. The models developed are illustrated through numerical examples and sensitivity analysis is reported.
Description
Keywords
Stock dependent selling rate, Perishable, Backlogging, Inventory, Optimization
Citation
Collections