Study of Inventory Model for Decaying Items through Stock-Dependent Demand under Permissible Delay in Payments

Document Type : Original Article


1 Department of Mathematics, B K Birla Institute of Engineering & Technology, Pilani (Rajasthan)

2 Bhagwant University, Ajmer (Rajasthan)

3 Shri Rawatpura Sarkar University, Raipur (Chhattisgarh)



Today’s any business organization improve their customer service and determine the new policy which attract the customer demand for their items. In this context, an inventory model along with decaying items and demand rate considered as dependent on stock, is needed to increases the customer attraction for the product. In this paper we optimize the total inventory cost with the constraints involved. Finally the sensitivity of the constraints with total inventory cost is demonstrated. Here we also demonstrate the permissible delay in payment policy is always more beneficial to improve the number of customer.