The present paper deals with an order level inventory system for items with time dependent random deterioration and demand rate which is a ramp type function of time. Both deterministic and stochastic situations have been considered. Finally a numerical example has been given to illustrate the results derived along with its sensitivity analysis.
Keywords and Phrases
Inventory, EOQ model, random deterioration, infinite replenishment rate, ramp type demand rate.
A.M.S. subject classiﬁcation