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• W2086870720 abstract "The inflation rate in the most of the previous researches has been considered constant and well‐known over the time horizon, although the future rate of inflation is inherently uncertain and unstable, and is difficult to predict it accurately. Therefore, A time varying inventory model for deteriorating items with allowable shortages is developed in this paper. The inflation rates (internal and external) are time‐dependent and demand rate is inflation‐proportional. The inventory level is described by differential equations over the time horizon and present value method is used. The numerical example is given to explain the results. Some particular cases, which follow the main problem, will discuss and the results will compare with the main model by using the numerical examples. It has been achieved which shortages increases considerably in comparison with the case of without variable inflationary conditions." @default.
• W2086870720 created "2016-06-24" @default.
• W2086870720 creator A5047440529 @default.
• W2086870720 date "2010-03-15" @default.
• W2086870720 modified "2023-09-26" @default.
• W2086870720 title "Effects of Variable Inflationary Conditions on an Inventory Model with Inflation-Proportional Demand Rate" @default.
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• W2086870720 doi "https://doi.org/10.3923/jas.2010.551.557" @default.
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