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Author:Hariga, M.
Title:Effects of inflation and time-value of money on an inventory model with time-dependent demand rate and shortages
Journal:European Journal of Operational Research
1995 : MAR 16, VOL. 81:3, p. 512-520
Index terms:INFLATION
INVENTORIES
MODELS
Language:eng
Abstract:In a recent paper, Datta and Pal investigated the effects of inflation and time-value of money on an inventory model with linearly increasing demand and finite shortage cost. However, their models are formulated under the assumption of equal inventory carrying time during each replenishment cycle. In this paper, the author redevelops the models of Datta and Pal by relaxing this assumption and modifying their mathematical formulations.
SCIMA record nr: 130436
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