A Partial Backlogging Inventory Model for Non-Instantaneous Deteriorating Items With Stock-Dependent Consumption Rate Under Inflation

Horng Jinh Chang, Wen Feng Lin

In this paper, we derive a partial backlogging inventory model for non- instantaneous deteriorating items with stock-dependent demand rate under inflation over a finite planning horizon. We propose a mathematical model and theorem to find minimum total relevant cost and optimal order quantity. Numerical examples are used to illustrate the developed model and the solution process. Finally, a sensitivity analysis of the optimal solution with respect to system parameters is carried out.