Optimal inventory control for ameliorating, deteriorating items under time varying demand condition
DOI:
https://doi.org/10.24297/jssr.v3i1.6665Keywords:
Amelioration,, Time varying Demand, Optimal control, Inventory systemAbstract
In this paper we discuss the development of an inventory model for ameliorating items such as fast growing animals like duck, pigs, broiler in poultry farm, high-bred fishes with instantaneous replenishment for the above type of items under cost minimization. A time varying type of demand rate with infinite time horizon, constant deterioration and without shortage is considered for the model. The result is illustrated with numerical example.
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References
[1] Bhunia, A.K. and Maiti, M.: An inventory model for decaying items with selling price, frequency of advertisement and linearly time-dependent demand with shortages, IAPQR Transactions, 22, 41-49.
[2] Das, K, Bhunia, A.K. and Maiti, M.: An inventory model for deteriorating items with shortages and sellingprice-dependent demand, IAPQR Transactions., 24, 65-72.
[3] Ghare P.M. and Scharder G.P.: “A model for exponentially decaying inventoryâ€, J. Ind. Eng., 14 (1963), 238-243.
[4] Goyal, S.K. and Gunasekaran, A.: An integrated production-inventory-marketing model for deterioratingitems, Computers Ind. Engg., 28, 41-49.
[5] Hwang, H. S.: A study on an inventory models for items with Weibull ameliorating, Computers Ind. Zengg.,33. 701-704.
[6] Hwang, H. S.: Inventory models for both deteriorating and ameliorating items, Computers Ind. Engg., 37,257-260.
[7] Ladany, S. and Sternleib A.: The intersection of economic ordering quantities and marketing policies, AIIETransations., 6, 35-40.
[8] Luo, W.: An integrated inventory system for perishable goods with backordering, Computers Ind. Engg., 34,685-693.
[9] Subramanyam, S. and Kumaraswamy, S.: EOQ formula under varying marketing policies and conditions,AIIE Transactions., 13, 312-314.
[10] Tripathi, R.P..: Inventory model with different demand rate and different holding cost, IJIEC, Volume 4, 2013,
437-446.[11] Urban, T. L.: Deterministic inventory models incorporating marketing decisions, Computers & Ind. Engg., 22,85-93.
[12] Wee H.M.: “A deterministic lot-size inventory model for deteriorating items with shortages on a decliningmarketâ€, Comp. Ops. Res., 22 (1995), 553-558.
[13] Whitin T.M.:“Theory of inventory managementâ€, Princeton University Press, Princeton, NJ (1957), 62-72.
[2] Das, K, Bhunia, A.K. and Maiti, M.: An inventory model for deteriorating items with shortages and sellingprice-dependent demand, IAPQR Transactions., 24, 65-72.
[3] Ghare P.M. and Scharder G.P.: “A model for exponentially decaying inventoryâ€, J. Ind. Eng., 14 (1963), 238-243.
[4] Goyal, S.K. and Gunasekaran, A.: An integrated production-inventory-marketing model for deterioratingitems, Computers Ind. Engg., 28, 41-49.
[5] Hwang, H. S.: A study on an inventory models for items with Weibull ameliorating, Computers Ind. Zengg.,33. 701-704.
[6] Hwang, H. S.: Inventory models for both deteriorating and ameliorating items, Computers Ind. Engg., 37,257-260.
[7] Ladany, S. and Sternleib A.: The intersection of economic ordering quantities and marketing policies, AIIETransations., 6, 35-40.
[8] Luo, W.: An integrated inventory system for perishable goods with backordering, Computers Ind. Engg., 34,685-693.
[9] Subramanyam, S. and Kumaraswamy, S.: EOQ formula under varying marketing policies and conditions,AIIE Transactions., 13, 312-314.
[10] Tripathi, R.P..: Inventory model with different demand rate and different holding cost, IJIEC, Volume 4, 2013,
437-446.[11] Urban, T. L.: Deterministic inventory models incorporating marketing decisions, Computers & Ind. Engg., 22,85-93.
[12] Wee H.M.: “A deterministic lot-size inventory model for deteriorating items with shortages on a decliningmarketâ€, Comp. Ops. Res., 22 (1995), 553-558.
[13] Whitin T.M.:“Theory of inventory managementâ€, Princeton University Press, Princeton, NJ (1957), 62-72.
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Published
2014-01-30
How to Cite
Misra, U., Mishra, S., Mallick, M., & Paikrav, S. K. (2014). Optimal inventory control for ameliorating, deteriorating items under time varying demand condition. JOURNAL OF SOCIAL SCIENCE RESEARCH, 3(1), 166–174. https://doi.org/10.24297/jssr.v3i1.6665
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