In recent researches, vendor managed inventory (VMI) policy is rarely considered for deteriorating items.   This study considered the supply chain partner’s collaboration via a VMI system and provided an EOQ model for a two-level supply chain (single supplier - single retailer) to examine the inventory management proceedings for VMI and non-VMI supply chains. By a new approach in modeling, the ...

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...

Deterioration cannot be avoided in business scenarios. Deterioration is defined as change, damage, decay, spoilage obsolescence and loss of utility or loss of original value in a commodity that results in the decreasing usefulness from the original one product. Normally inventory models of deteriorating items, such as food products, vegetables, etc. involve imprecise parameters, like imprecise ...

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 profi...