The Inventory System Management under Uncertain Conditions and Time Value of Money

This study develops a inventory model to determine ordering policy for deteriorating items with shortages under markovian inflationary conditions. Markov processes include process whose future behavior cannot be accurately predicted from its past behavior (except the current or present behavior) and...

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Bibliographic Details
Main Authors: Mehri Nasrabadi, Abolfazl Mirzazadeh
Format: Article
Language:English
Published: Kharazmi University 2016-05-01
Series:International Journal of Supply and Operations Management
Subjects:
Online Access:http://www.ijsom.com/article_2661_e100d76224650bd408ea58ca1ab29758.pdf