International Journal of Science and Research (IJSR)

International Journal of Science and Research (IJSR)
Open Access | Fully Refereed | Peer Reviewed

ISSN: 2319-7064


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Research Paper | Mathematics | India | Volume 6 Issue 10, October 2017


An Inventory Model with Price Dependent Demand Rate, Quadratic Holding Cost and Deteriorating Rate with Shortages

Dr. R. Babu Krishnaraj, D. Dhivya


Abstract: In this paper, a deterministic inventory model has been developed with a selling price dependent demand rate. A quadratic holding cost is being considered of time, in which shortages are allowed and is completely backlogged. The objective of this model is to minimize the total inventory cost. At the end of the paper, numerical examples are provided to illustrate the problem and sensitivity analysis the have been carried out to show the effect of variation in the parameters with the graphs.


Keywords: Inventory, demand, Selling Price, Deteriorating items, Holding Cost Optimum cost, Inflation


Edition: Volume 6 Issue 10, October 2017,


Pages: 832 - 837


How to Cite this Article?

Dr. R. Babu Krishnaraj, D. Dhivya, "An Inventory Model with Price Dependent Demand Rate, Quadratic Holding Cost and Deteriorating Rate with Shortages", International Journal of Science and Research (IJSR), https://www.ijsr.net/get_abstract.php?paper_id=ART20177280, Volume 6 Issue 10, October 2017, 832 - 837

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