Department of Statistics, D.A.V. (P.G.) College, Muzaffarnagar, Uttar Pradesh, India
Online published on 31 October, 2017.
In this study, we developed a production inventory system for decaying items with probabilistic demand under inflation. Decaying rate is dependent on time. Partially backlogged shortages are allowed with time dependent backlogging rate. The backlogging rate is exponential decreasing function of time. The expected total cost with uniform demand and discrete units and continuous units has been taken.
Probabilistic demand, inflation, partial backlogging
