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An Inventory Model for Maximum Life Time Products under the Price and Stock Dependent Demand Rate

by Vikram Vashisth, Ajay Tomar, Ramakant Soni, A.K. Malik
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International Journal of Computer Applications
Foundation of Computer Science (FCS), NY, USA
Volume 132 - Number 15
Year of Publication: 2015
Authors: Vikram Vashisth, Ajay Tomar, Ramakant Soni, A.K. Malik
10.5120/ijca2015907668

Vikram Vashisth, Ajay Tomar, Ramakant Soni, A.K. Malik . An Inventory Model for Maximum Life Time Products under the Price and Stock Dependent Demand Rate. International Journal of Computer Applications. 132, 15 ( December 2015), 32-36. DOI=10.5120/ijca2015907668

@article{ 10.5120/ijca2015907668,
author = { Vikram Vashisth, Ajay Tomar, Ramakant Soni, A.K. Malik },
title = { An Inventory Model for Maximum Life Time Products under the Price and Stock Dependent Demand Rate },
journal = { International Journal of Computer Applications },
issue_date = { December 2015 },
volume = { 132 },
number = { 15 },
month = { December },
year = { 2015 },
issn = { 0975-8887 },
pages = { 32-36 },
numpages = {9},
url = { https://ijcaonline.org/archives/volume132/number15/23672-2015907668/ },
doi = { 10.5120/ijca2015907668 },
publisher = {Foundation of Computer Science (FCS), NY, USA},
address = {New York, USA}
}
%0 Journal Article
%1 2024-02-06T23:29:31.535969+05:30
%A Vikram Vashisth
%A Ajay Tomar
%A Ramakant Soni
%A A.K. Malik
%T An Inventory Model for Maximum Life Time Products under the Price and Stock Dependent Demand Rate
%J International Journal of Computer Applications
%@ 0975-8887
%V 132
%N 15
%P 32-36
%D 2015
%I Foundation of Computer Science (FCS), NY, USA
Abstract

Today’s due to competitive business scenarios, the suppliers provide his/her retailers a discount in price of a product. To attract the customers to buy more products at one time, the retailer managed the demand rate depends on price and stock dependent which is very realistic in day to day life. The holding cost is assumed to be variable. For this we proposed a model to solve such types of problems to determine the optimal replenishment policy for non-instantaneous deteriorating products. Numerical example is provided to demonstrate the optimal total profit for discussed inventory model.

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Index Terms

Computer Science
Information Sciences

Keywords

Inventory Non-instantaneous deterioration Variable holding cost price and Stock-dependent demand.

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