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International Journal of Production Research Volume 13, 1975 - Issue 5
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Original Articles

Optimum production lot size model for a system with deteriorating inventory

RAM B. MISRA Department of Industrial Engineering, A&M University, Texas, U.S.A.
Pages 495-505 | Received 25 Sep 1974, Published online: 24 Oct 2007
 
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SUMMARY

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.

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