Effects on Inventory Model in Time Deteriorate Rate with Variable Cost

Authors

  • Garima Khare Research Scholar, Department of Mathematics, Mody University of Science and technology, Lakshmangarh, Rajasthan, India
  • Garima Sharma Assistant Professor, Department of Mathematics, Mody University of Science and technology, Lakshmangarh, Rajasthan, India

Keywords:

Inventory Model, Degradation rate, Demand, Shortages, Time-Dependent Holding, variable Ordering Cost

Abstract

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.

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References

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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.

Inventory level I(t) vs time

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Published

27.12.2022

How to Cite

Khare, G. ., & Sharma, G. . (2022). Effects on Inventory Model in Time Deteriorate Rate with Variable Cost. International Journal of Intelligent Systems and Applications in Engineering, 10(3s), 45–50. Retrieved from https://ijisae.org/index.php/IJISAE/article/view/2410

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Section

Research Article