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This paper investigated two warehouse inventory model for a single deteriorating items under the assumption of shortages and partial backlogging under payments delay and the effect of inflation and time value for money is also incorporated. Again, two warehouse capacity (owned and rented) have been considered over the finite horizon planning under which back-ordering is assumed. When the order quantity...
This paper develops a production-inventory model of a single product with imperfect production process in which inflation and time value of money are considered under shortages. Demand rate has been considered to be a function of quadratic decreasing and exponential decreasing of selling price. The selling price of a unit is determined by a mark-up over the production cost. Unit production cost is...
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