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
Related Articles
- EP ID EP651420
- DOI 10.24297/jam.v9i6.2316
- Views 126
- Downloads 0
Complexity Measure in Simple Type Food Chain System
Study of complexities arising during evolution of a food chain system has been investigated. Regular and chaotic motions have been observed for certain sets of values of a parameter of the system. For some detailed furth...
Comparison Study of Logistic Regression Model for Albanian Texts
Considering authorship attribution as a classification problem we attempt to estimate the probability to find the right author for each text under study. In this paper using R we first improve the simple model for six Al...
Random Fixed Point Theorem in Fuzzy Metric Spaces
In the present paper, we prove a fixed point theorem in fuzzy metric spaces through weak Compatibility.
An Alternative Formulae for the Net Present Value (NPV)
An alternative formulae is derived for NPV. First, the equivalence of NPV formulae and the value of a special portfolio is shown and weights of special portfolio is derived by minimizing the variance of portfolio.
Harmonic Matrix and Harmonic Energy
We define the Harmonic energy as the sum of the absolute values of the eigenvalues of the Harmonic matrix, and establish some of its properties, in particular lower and upper bounds for it.