A Deterministic Inventory Model with Biquadratic Demand, Static Rate of Deterioration and Linear Carrying Cost

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 Static rate of Deterioration and linear carrying cost. Here, Shortage is allowing and fully backlogging. An Organization can use this model where carrying cost is time dependent and demand increases with time biquadratically with the static rate of Deterioration.

Keywords: EOQ Model, demand, Deterioration, shortage