A Deterministic Inventory Model for Non-Instantaneous Deteriorating Items with Allowed Backorders and Quadratic Time Varying Holding Cost
Abstract: In this manuscript, an inventory model has been formulated in which shortages are allowed and fully backlogged. Deterioration rate is constant and demand is a function of selling price. Holding cost is a quadratic function of time. Here we have to derive optimum cycle time so as to minimize the total cost. To illustrate the model, numerical examples are used.
Keywords: Deterioration, selling price dependent demand, backlogging
How to Cite?: Teekam Chand Meena, Anil Kumar Sharma, "A Deterministic Inventory Model for Non-Instantaneous Deteriorating Items with Allowed Backorders and Quadratic Time Varying Holding Cost", Volume 11 Issue 11, November 2022, International Journal of Science and Research (IJSR), Pages: 1117-1123, https://www.ijsr.net/getabstract.php?paperid=SR221119133725, DOI: https://dx.doi.org/10.21275/SR221119133725