An Inventory Model For Perishable Items With Inventory Dependent Demand Rate, Backlogging and Shortages in a Cycle Time
In the present model we develop an optimum order quantity inventory model for perishable items with inventory
dependent demand rate. Shortages are allowed also. Deterioration of items is permissible. Ordering cost, holding cost,
shortage cost, replenishment rate and opportunity cost are available for a cycle time T. A numerical example is also available
to study the effect of different parameters.
Keywords— Deterioration, replenishment, backlogging, lead time, holding cost, shortage cost, cycle time.