Inventory model of deteriorating items for nonlinear holding cost with time dependent demand.
Journal Title: JOURNAL OF ADVANCES IN MATHEMATICS - Year 2014, Vol 9, Issue 6
Abstract
The objective of this model is to investigate the inventory system for perishable items where time proportional deterioration rate is considered. The Economic order quantity is determined for minimizing the average total cost per unit time. Time dependent demand rate is used with finite time horizon. Nonlinear holding cost with shortage is considered. The result is illustrated with numerical example.
Authors and Affiliations
S. Barik, S. K. Paikray, U. K. Misra
Keywords
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- EP ID EP651420
- DOI 10.24297/jam.v9i6.2316
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