Preservation technology investment for an inventory system with variable deterioration rate under expiration dates and price sensitive demand

Abstract

The proposed study addresses a supplier-retailer inventory problem by con-sidering the detrimental impacts of deterioration. The inventory produced by the supplier undergo a machine-shift and hence, produces non-conforming items. The retailer uses the preservation technology to deal with deteriorating items ingeniously where the demand is price-sensitive at the buyer's end. Two models are developed through di