Economic Order Quantity Model for Perishable Items Having Exponentially Increasing Demand

Abstract

This study considers perishable items whose deterioration starts immediately after procurement with constant rate of deterioration, ξ. The goods considered in the paper are fast moving goods whose demand is increasing at a very rapid pace. Therefore, the demand has been considered as exponentially increasing demand. This study provides the buyer with a policy that aids them to decide their optimal order quantity considering the goods are perishable goods with exponentially increasing demand.