An inventory model for deteriorating items with seasonal products and an option of an alternative market

For today’s high competitive market, when immensity purchasing of inventory becomes convenient or obligatory, to discover an alternative market in order to maximize the revenue earned is a tradition. In this paper, we considered an inventory model for seasonal products with Weibull rate of deterioration having two potential markets, say, primary and alternate. To handle the inventory up to the next season will result an increase in total cost. So it is a favorable task to transfer the remaining stock to the alternate market even at a slightly differ in selling price. Solution procedure, numerical examples and sensitivity analysis for different variables are presented to illustrate the model.