AN INVENTORY MODEL FOR PERISHABLE PRODUCT WITH FIXED SHELF-LIFE UNDER TRADE-CREDIT

The following paper consists of deteriorating items in which shortages are allowed having partial delay in payments with fixed shelf life. It is generally assumed in literature of inventory modeling that by providing some delay in payments of the retailer proved to be beneficial in the financial and as well as credibility is also increases which is good for future businesses. Fixed shelf life is the recommendation of time period up to which no deterioration will occur in the products. It is beneficial to known about it as the deterioration cost will decrease and ultimately the cost is optimized. This paper consists of four sections. Section one consists of its introduction, section two consists of mathematical model, section three consists of numerical and section four consists of sensitive analysis.