• DETERIORATING INVENTORY MODEL WITH POWER DEMAND AND PARTIAL BACKLOGGING
Abstract
In this study, a deterministic inventory model has been developed for which items are subject to constant deterioration. Here shortages are allowed and are partially backlogged. The demand follows power pattern. The backlogging rate is taken to be inversely proportional to the waiting time for the next replenishment. We have established the optimal order quantity by minimizing the total inventory cost.
Keywords
Inventory, deteriorating items, shortages, Power Demand, Partial Backlogging.
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