Inventory model of deteriorating items for nonlinear holding cost with time dependent demand.

Authors

  • S. Barik S O A University, Bhubaneswar, Odisha
  • S.K. Paikray VSSUT, Burla, Odisha
  • U. K. Misra National Institute of Science and Technology PallurHills-761008, Odisha

DOI:

https://doi.org/10.24297/jam.v9i6.2316

Keywords:

Time dependent Demand, Optimal control, Inventory system, Shortage.

Abstract

The objective of this model is to investigate the inventory system for perishable items where time proportional deterioration rate is considered. The Economic order quantity is determined for minimizing the average total cost per unit time. Time dependent demand rate is used with finite time horizon. Nonlinear holding cost  with shortage is considered. The result is illustrated with numerical example.

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Author Biographies

  • S. Barik, S O A University, Bhubaneswar, Odisha
    Research Scholar
  • S.K. Paikray, VSSUT, Burla, Odisha
    Dept. of Mathematics
  • U. K. Misra, National Institute of Science and Technology PallurHills-761008, Odisha
    Department of Mathematics

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Published

2014-12-05

Issue

Vol. 9 No. 6 (2014)

Section

Articles

License

Creative Commons License All articles published in Journal of Advances in Linguistics are licensed under a Creative Commons Attribution 4.0 International License.

How to Cite

Inventory model of deteriorating items for nonlinear holding cost with time dependent demand. (2014). JOURNAL OF ADVANCES IN MATHEMATICS, 9(6), 2705-2709. https://doi.org/10.24297/jam.v9i6.2316

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