Effects on Inventory Model in Time Deteriorate Rate with Variable Cost
Keywords:
Inventory Model, Degradation rate, Demand, Shortages, Time-Dependent Holding, variable Ordering CostAbstract
This paper anticipates showing the optimistic a reflection of an inventory model employing quadratic demand, scarcity allows, and time-dependent with varying degradation rate with ordering and storage cost. The impact of such criteria on the total cost of the inventory will be evaluated. The conceptual frameworks are then illustrated by numerical examples, and sensitivity analysis of the key variables affecting the appropriate solution is also performed.
Downloads
References
Whitin, T.M. (1957). The Theory of Inventory Management, 2nd ed. Princeton University press, Princeton, NJ.
Emmons, H. (1968), ‘A replenishment model for radioactive nuclide generators’, Management Science, 14, 263-273.
Azoury, K. S., & Miller, B. L. (1984). A comparison of the optimal ordering levels of Bayesian and non-Bayesian inventory models. Management science, 30(8), 993-1003.
Covert, R.P. and Philip, G.C. (1973), ‘An EQ model for items with Weibull distribution deterioration’, AIIE Transactions, 5,323-326.
Goswami, A., & Chaudhuri, K. S. (1991). An EOQ model for deteriorating items with shortages and a linear trend in demand. Journal of the Operational Research Society, 42(12), 1105-1110.
Gupta, D., & Gerchak, Y. (1995). Joint product durability and lot sizing models. European Journal of Operational Research, 84(2), 371-384.
Chang C.T., Dye C-Y. (1999) a model for deteriorating items with time varying demand and partial backlogging. Journal of the Operational Research Society, 50, 1176-82.
Ghosh, S.K. and Chaudhuri, K.S. (2004), ‘ An order-level inventory model for a deteriorating item with Weibull distribution deterioration, time quadratic demand and shortages’, International Journal of Advanced Modeling and Optimization, 6(1), 31- 45.
Vinod Kumar et.al., An inventory model for deteriorating items with time-dependent demand and time-varying holding cost under partial backlogging, Jour of Indus Engg Int., 9(4), (2013).
A Ajanta Roy, An Inventory model for deteriorating items with price dependent demand and time-varying holding cost, AMOAdvanced modeling and optimization, volume 10, number 1,2008.
Dash, B. P., Singh, T., & Pattnayak, H. (2014). An inventory model for deteriorating items with exponential declining demand and time-varying holding cost. American Journal of Operations Research, 2014.
Mohan, R. (2017). Quadratic demand, variable holding cost with time dependent deterioration without shortages and salvage value. IOSR J. Math. (IOSR-JM), 13(2), 59-66.
Priya, R. K., & Senbagam, K. (2018). Eoq inventory model for time dependent deteriorating products with quadratic time varying Demand variable deterioration and partialbacklogging. ARPN J. Eng. Appl. Sci., 13(7), 2674-2678.
Garima Sharma and Suman, (2019), An inventory model for time-dependent deterioration rate and variable holding cost, International Journal of Mathematics and Computer Applications Research (IJMCAR), ISSN (P): 2249-6955; ISSN (E): 2249-8060 Vol. 9, Issue 1, Jun 2019, 37-44.
Downloads
Published
How to Cite
Issue
Section
License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
All papers should be submitted electronically. All submitted manuscripts must be original work that is not under submission at another journal or under consideration for publication in another form, such as a monograph or chapter of a book. Authors of submitted papers are obligated not to submit their paper for publication elsewhere until an editorial decision is rendered on their submission. Further, authors of accepted papers are prohibited from publishing the results in other publications that appear before the paper is published in the Journal unless they receive approval for doing so from the Editor-In-Chief.
IJISAE open access articles are licensed under a Creative Commons Attribution-ShareAlike 4.0 International License. This license lets the audience to give appropriate credit, provide a link to the license, and indicate if changes were made and if they remix, transform, or build upon the material, they must distribute contributions under the same license as the original.