Inventory Model of Deteriorating Items for Linear Holding Cost with Time Dependent Demand

Authors

  • N.Mishra Department of M.B.A Berhampur University, Berhampur Odisha, India
  • S.P. Mishra Swarnamayee Nagar Berhampur-760001 Odisha, India
  • Srichandan Mishra Department of Mathematics Govt. Science College Malkangiri, Odisha, India
  • J. Panda Department of Commerce Berhampur University Berhampur , Odisha, India
  • U.K.Misra National Institute of Science and Technology Palur Hill,Berhampur Odisha, India

DOI:

https://doi.org/10.15415/mjis.2015.41004

Keywords:

Time dependent Demand, Optimal control, Inventory system, Shortage

Abstract

The objective of this model is to investigate the inventory system for perishable items with time proportional deterioration rate. The Economic order quantity is determined for minimizing the average total cost per unit time. The model is developed for time-dependent demand rate with finite time horizon and linear holding cost with a shortage. The result is illustrated with a numerical example.

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References

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http://dx.doi.org/10.1080/095372897235073

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Published

2015-09-30

How to Cite

N.Mishra, S.P. Mishra, Srichandan Mishra, J. Panda, and U.K.Misra. 2015. “Inventory Model of Deteriorating Items for Linear Holding Cost With Time Dependent Demand”. Mathematical Journal of Interdisciplinary Sciences 4 (1):29-36. https://doi.org/10.15415/mjis.2015.41004.

Issue

Vol. 4 No. 1 (2015)

Section

Articles

License

 

Articles in Mathematical Journal of Interdisciplinary Sciences (Math. J. Interdiscip. Sci.) by Chitkara University Publications are Open Access articles that are published with licensed under a Creative Commons Attribution- CC-BY 4.0 International License. Based on a work at https://mjis.chitkara.edu.in. This license permits one to use, remix, tweak and reproduction in any medium, even commercially provided one give credit for the original creation.

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Creative Commons License Mathematical Journal of Interdisciplinary Sciences by Chitkara University Publications is licensed under a Creative Commons Attribution 4.0 International License. Based on a work at https://mjis.chitkara.edu.in
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