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Background. The study of control and maintenance of production inventories of deteriorating items with and without shortages has grown in its importance recently. The effect of deterioration is very important in many inventory systems. Deterioration is defined as decay or damage such that the item cannot be used for its original purpose. Methods: In this article order level inventory models have been...
Background: Deterioration is a natural process for most of the items as such it cannot be ignored in study of inventory control and management. In recent years great deal of study is devoted in developing inventory models for deteriorating items considering various practical situations. Price discount for partially deteriorated items is considerably a new concept introduced in developing various models...
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