A DISCRETE-IN-TIME PROBABILISTIC INVENTORY MODEL FOR DETERIORATING ITEMS UNDER CONDITIONS OF PERMISSIBLE DELAY IN PAYMENTS

Authors
SHAH NH SHAH YK
Citation
Nh. Shah et Yk. Shah, A DISCRETE-IN-TIME PROBABILISTIC INVENTORY MODEL FOR DETERIORATING ITEMS UNDER CONDITIONS OF PERMISSIBLE DELAY IN PAYMENTS, International Journal of Systems Science, 29(2), 1998, pp. 121-125
Citations number
9
Categorie Soggetti
Computer Science Theory & Methods","Operatione Research & Management Science","Computer Science Theory & Methods","Operatione Research & Management Science","Robotics & Automatic Control
Journal title
International Journal of Systems Science → ACNP
ISSN journal
00207721
Volume
29
Issue
2
Year of publication
1998
Pages
121 - 125
Database
ISI
SICI code
0020-7721(1998)29:2<121:ADPIMF>2.0.ZU;2-6
Abstract
An inventory model is developed for items that deteriorate continuousl y in time when demand is a random variable. It is assumed that the sup plier allows delayed payment for settling the replenishment account. T he model is continuous in units but discrete in time. A numerical exam ple is given to illustrate the derived results.