Downloads: 196 | Views: 196
Research Paper | Mathematics | India | Volume 6 Issue 3, March 2017
A Deterministic Inventory Model with Selling Price Dependent Demand Rate, Quadratic Holding Cost and Quadratic Time Varying Deteriorating Rate
Varsha Sharma [2] | Anil kumar Sharma [3]
Abstract: In this paper we consider an inventory model for deteriorating products having demand which is function of selling price, here the deterioration rate is time varying with quadratic function of time. Holding cost is considered as a quadratic function of time. This model is developed to find the total cost of the inventory system. Suitable numerical example and sensitivity analysis also discussed. At the end of the paper, the optimum total cost and total order quantity has been calculated by the change of the value of the each parameter and graphs shows the behavior of the relation between parameter and total inventory cost.
Keywords: Inventory, demand, Selling Price, Deteriorating items, Holding Cost Optimum cost
Edition: Volume 6 Issue 3, March 2017,
Pages: 193 - 198
Similar Articles with Keyword 'Inventory'
Downloads: 0
Research Paper, Mathematics, India, Volume 11 Issue 4, April 2022
Pages: 926 - 929A Deterministic Inventory Model with Biquadratic Demand, Static Rate of Deterioration and Linear Carrying Cost
Pooja Soni [9] | Rajender Kumar [4]
Downloads: 0
Analysis Study Research Paper, Mathematics, India, Volume 11 Issue 11, November 2022
Pages: 1117 - 1123A Deterministic Inventory Model for Non-Instantaneous Deteriorating Items with Allowed Backorders and Quadratic Time Varying Holding Cost
Teekam Chand Meena | Anil Kumar Sharma [3]