Abstract

It is common knowledge that one of the key issues with every inventory model is dealing with perishable goods. Under the premise of a lawful payment delay, this study presents an inventory model including changeable perishable costs & partial backlogging costs. The available research on the topic typically discusses condition where payment for an order is produced upon the inventory system’s receipt of the product, & scarcities are either entirely backed up or entirely off course, presuming that the cost of backlogs is ”inversely proportional” to “mark time” for upcoming recovery. The suggested model is presented & illustrated using numerical examples & sensitivity analysis.

Author: Ravendra Kumar, Sushil Kumar, Manish Kumar

Received on: August, 2024

Accepted on: April, 2025