A Deterministic Inventory Model with Demand as a Biquadratic Polynomial Function of Time with Static Rates of Deterioration

Pooja Soni, Rajender Kumar

Abstract: In this paper, a Deterministic Model is evolving for the items decline by Demand as well as by Deterioration, where we take Demand as a Biquadratic Polynomial function of Time with the static rate of Deterioration. Here, Shortage is allowing and fully backlogging. An Organization can use this model where demand increases with time biquadratically with a static rate of Deterioration.

Keywords: EOQ Model, Demand, Deterioration, shortage

How to Cite?: Pooja Soni, Rajender Kumar, "A Deterministic Inventory Model with Demand as a Biquadratic Polynomial Function of Time with Static Rates of Deterioration", Volume 10 Issue 9, September 2021, International Journal of Science and Research (IJSR), Pages: 1216-1218, https://www.ijsr.net/getabstract.php?paperid=SR21919151017, DOI: https://dx.doi.org/10.21275/SR21919151017