An Optimal Policy for Items with Linear Demand Rate, Variable Deterioration Rate Under Shortage and Lead-Time


Bhawna Gupta, Sangeeta Gupta, Sweta Srivastav
Department of Mathematics, Sharda University, Greater Noida, India.


In this research, we have developed a deterministic inventory model for an item having linear demand in variable deterioration rate. The shortage is allowed and fully backlogged. In developing the model, we have assumed that lead time is not equal to zero. Here we developed an optimal policy that minimizes that the total average cost. The model is illustrated by a suitable numerical example and sensitivity analysis has been carry- out.