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International Journal of Statistika and Mathematika, ISSN: 2277- 2790 E-ISSN: 2249-8605

Volume 9, Issue 1, February 2014 pp 25-33

Research Article

A Periodic Review Inventory Model for Deteriorating Items with Price Dependent Demand and Partial Delay in Payment under Inflation


Hare Krishna Maity, Manisha Pal*

*Professor, Department of Statistics, Calcutta University, INDIA.

Academic Editor: Dr. Dase R. K.


The paper studies a period review inventory model for deteriorating items allowing shortage and under price inflation. Demand during a reorder interval is assumed to be price dependent and the inventory manager has the option to pay his dues in two installments within a reorder interval. The optimum stock height to be maintained and the optimum length of a reorder interval are obtained by maximizing the total expected profit over the planning horizon. The sensitivity of the decision variables to change in model parameters has been also investigated through numerical illustration.

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