A Multi-Item Inventory Model for Deteriorating Items in Limited Storage Space with Stock-Dependent Demand

SYNOPTIC ABSTRACT

This article describes a multi-item inventory model, in which the available floor space or storage space is limited. The demand of items are assumed to be stock dependent and deterioration of items is assumed to be constant over time. The model is solved analytically in order to obtain the optimal solution of the problem. It is then illustrated with the help of numerical examples.

Key Words and Phrases::

• multi-item inventory
• stock-varying demand
• deterioration
• limited storage space