Journal / Book Title
International Journal of Production Research
A production lot size model has been developed for an inventory system with deteriorating items. Both the varying and constant rate of deterioration have been included in the analysis. For the case of a varying rate, it seems impossible to obtain a simple expression for the production lot size, so a numerical method has been suggested. For the constant rate of deterioration case, an approximate expression has been derived for the production lot size. Finally, a numerical example is solved to show the impact of deterioration.
MSU Digital Commons Citation
Misra, Ram, "Optimum Production Lot Size Model for a System With Deteriorating Inventory" (1975). Department of Information Management and Business Analytics Faculty Scholarship and Creative Works. 97.
Misra, R. B. (1975). Optimum production lot size model for a system with deteriorating inventory. The International Journal of Production Research, 13(5), 495-505.