An inventory model for deteriorating items with stock and price dependent demand is developed. Holding cost is considered as function of time. Shortages are allowed and completely backlogged. Numerical example is provided to illustrate the model and sensitivity analysis is also carried out for parameters.

A significant amount of work has investigated inventory control problems associated with fresh produce. Much of this work has considered deteriorating inventory control with many models having been proposed for the various situations that exist. However, no researchers have specifically studied fresh produce which has its own special characteristics. Most research categorise fresh produce into ...

In recent years, various researchers have discussed a two warehouse inventory system. This kind of system was first discussed by Hartely (1976) [10]. Hartely presented a basic two-warehouse model, in which the cost of transporting a unit from rented warehouse (RW) to own warehouse (OW) was not considered. Sarma (1983)[20] developed a deterministic inventory model with infinite replenishment rat...

The authors consider in this paper an integrated forecasting production system of the tracking type. The demand rate during a certain period depends on the demand rate of the previous period. Also, the demand rate depends on the inventory level. Items on the shelves are subject to deterioration. Using a model predictive control approach, the authors obtain the optimal production rate, the optim...

A continuous production control inventory model for deteriorating items with variable demand rate is developed. Demand rate is the linear function of time. In this paper we have done all work in the environment of permissible delay of payments. A number of structural properties of the inventory system are studied analytically. We have discussed the minimum total system cost under the condition ...

We study an EOQ inventory model with demand rate and holding cost rate per unit time, both potentially dependent on the stock level. The ordering cost, the holding cost and the gross profit from the sale of the item are considered. The objective is to maximize the average profit per unit time. We present the analytical formulation of the problem and demonstrate the existence and uniqueness of t...