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Analysis Study Research Paper | Mathematics | India | Volume 11 Issue 11, November 2022
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
Edition: Volume 11 Issue 11, November 2022,
Pages: 1117 - 1123