Volume 28, Number 2 (IJIEPR 2017)                   IJIEPR 2017, 28(2): 101-111 | Back to browse issues page
Gujarat University , nitahshah@gmail.com
Abstract:   (507 Views)

Abstract

            In this research, an integrated inventory model for non-instantaneous deteriorating items is analyzed when demand is sensitive to changes in price. The price used in this research is a time-dependent function of the initial selling price and the discount rate. To control the deterioration rate of items at the storage facility, investment in preservation technology is incorporated. To provide a general framework to the model, an arbitrary holding cost rate is used. Toward the end of the paper, a numerical case is given to approve the model and the impacts of the key parameters of the model are studied by sensitivity analysis to deduce managerial insights.

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Type of Study: Research | Subject: Production Planning & Control
Received: 2016/11/28 | Accepted: 2017/07/12 | Published: 2017/07/15