Some Observations on: Improving Production Policy for a Deteriorating Item Under Permissible Delay in Payments with Stock-Dependent Demand Rate Academic Article in Scopus uri icon

abstract

  • © 2017, Springer (India) Private Ltd., part of Springer Nature.Das et al. (Comput Math Appl 60(7):1973¿1985, 2010) proposed a production inventory model for a deteriorating item under permissible delay in payments assuming that the demand is stock dependent. In the production inventory model, the production rate is partially constant and dependent upon on both on-hand inventory and demand. The production inventory model assumes that the supplier gives a price discount and permissible delay in payment. In this paper, some shortcomings in the solutions of the numerical example given in Das et al. (2010) are identified, discussed and corrected. Moreover, this paper presents the optimal solutions to the numerical example as well as the correct sensitivity analysis.

publication date

  • February 1, 2018