An Inventory Model for Perishable Items with Time Varying Stock Dependent Demand and Trade Credit under Fuzzy type Inflation
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In this paper we presented an inventory model for perishable items with time varying stock dependent demand under fuzzy type inflation. It is assumed that the supplier offers a credit period to the retailer and the length of credit period is dependent on the order quantity. The purpose of our study is to minimize the present value of retailer’s total cost. A numerical example is also given to demonstrate the presented model.