Arya Bhatta Journal of Mathematics and Informatics
  • Year: 2015
  • Volume: 7
  • Issue: 2

Development of inventory model of deteriorating items with life time under trade credit and time discounting

  • Author:
  • Deep Shikha1, Hari Kishan1, Megha Rani2
  • Total Page Count: 10
  • Page Number: 227 to 236

1Department of Mathematics, D.N. College, Meerut, India

2Department of Mathematics, RKGIT, Ghaziabad, India

Online published on 5 December, 2015.

Abstract

In this paper, an inventory model has been developed for deteriorating items with life time under the assumptions of trade credit and time discounting. Time horizon has been considered finite. The demand rate has been taken linear function of time and deterioration rate has been taken constant. The time horizon has been divided into n equal sub-intervals.

Keywords

Deterioration, life time, trade credit and discount