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