Inventory model of deteriorating items for nonlinear holding cost with time dependent demand.

S. Barik; S.K. Paikray; U. K. Misra

doi:10.24297/jam.v9i6.2316

Inventory model of deteriorating items for nonlinear holding cost with time dependent demand.

Authors

S. Barik S O A University, Bhubaneswar, Odisha
S.K. Paikray VSSUT, Burla, Odisha
U. K. Misra National Institute of Science and Technology PallurHills-761008, Odisha

DOI:

https://doi.org/10.24297/jam.v9i6.2316

Keywords:

Time dependent Demand, Optimal control, Inventory system, Shortage.

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.

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Author Biographies

S. Barik, S O A University, Bhubaneswar, Odisha

Research Scholar

S.K. Paikray, VSSUT, Burla, Odisha

Dept. of Mathematics

U. K. Misra, National Institute of Science and Technology PallurHills-761008, Odisha

Department of Mathematics

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Published

2014-12-05

How to Cite

Barik, S., Paikray, S., & Misra, U. K. (2014). Inventory model of deteriorating items for nonlinear holding cost with time dependent demand. JOURNAL OF ADVANCES IN MATHEMATICS, 9(6), 2705–2709. https://doi.org/10.24297/jam.v9i6.2316