We apologize for a recent technical issue with our email system, which temporarily affected account activations. Accounts have now been activated. Authors may proceed with paper submissions. PhDFocusTM
CFP last date
20 December 2024
Reseach Article

Non-Instantaneous Deterioration Inventory Model with Inflation and Stock-Dependent Demand

by Aditya Sharma, Kumar Karan Gupta, A K Malik
International Journal of Computer Applications
Foundation of Computer Science (FCS), NY, USA
Volume 67 - Number 25
Year of Publication: 2013
Authors: Aditya Sharma, Kumar Karan Gupta, A K Malik
10.5120/11741-7274

Aditya Sharma, Kumar Karan Gupta, A K Malik . Non-Instantaneous Deterioration Inventory Model with Inflation and Stock-Dependent Demand. International Journal of Computer Applications. 67, 25 ( April 2013), 6-9. DOI=10.5120/11741-7274

@article{ 10.5120/11741-7274,
author = { Aditya Sharma, Kumar Karan Gupta, A K Malik },
title = { Non-Instantaneous Deterioration Inventory Model with Inflation and Stock-Dependent Demand },
journal = { International Journal of Computer Applications },
issue_date = { April 2013 },
volume = { 67 },
number = { 25 },
month = { April },
year = { 2013 },
issn = { 0975-8887 },
pages = { 6-9 },
numpages = {9},
url = { https://ijcaonline.org/archives/volume67/number25/11741-7274/ },
doi = { 10.5120/11741-7274 },
publisher = {Foundation of Computer Science (FCS), NY, USA},
address = {New York, USA}
}
%0 Journal Article
%1 2024-02-06T21:26:24.074984+05:30
%A Aditya Sharma
%A Kumar Karan Gupta
%A A K Malik
%T Non-Instantaneous Deterioration Inventory Model with Inflation and Stock-Dependent Demand
%J International Journal of Computer Applications
%@ 0975-8887
%V 67
%N 25
%P 6-9
%D 2013
%I Foundation of Computer Science (FCS), NY, USA
Abstract

In this paper, an inventory model for an item is presented with inflation and stock dependent demand under non-instantaneous deterioration without allowing shortages. In real life conditions, freshness and quality ofsome products can be maintaining Here in this inventory model we assume that some products maintain originality for some time. The necessary and sufficient conditions are used to find the optimal solutions and the corresponding maximum profits for the different value sets of the given numerical data with sensitivity analyses and presented graphically.

References
  1. J. A. Buzacott, (1975). Economic order quantities with inflation, Operation Research 26, 553–558.
  2. C. Gurnani, (1983). Economic Analysis of Inventory systems, Int. J. Prod. Res. 21, 261–277.
  3. Gupta, R. , Vrat, P. , (1986). Inventory model with multi-items under constraint systems for stock dependent consumption rate. Operations Research 24, 41–42.
  4. M. Hariga, M. Ben-daya, (1996). Optimal time-varying lot sizing models under inflationary conditions, EuropeanJournal ofOperation Research. 89, 313–325.
  5. P. L. Abad, (2003). Optimal Pricing and Lot-Sizing Under Conditions of Perish ability, Finite Production and Partial Backordering and Lost Sale, Eur. J. Oper. Res. 144, 677–685.
  6. C. T. Chang, (2004). An EOQ model with deteriorating items under inflation when supplier credits linked to ordering quantity, International Journal of Production Economics 88, 307–316.
  7. P. C. Yang, (2004). Pricing strategy for deteriorating items using quantity discount when demand is price sensitive, European Journal of Operations Research 157, 389–397.
  8. C. K. Jaggi, K. K. Aggarwal, S. K. Goyal, (2006). Optimal Order Policy for Deteriorating Items with Inflation Induced Demand, International Journal of Production Economics 103, 707– 714.
  9. Soni H, Shah NH (2008). Optimal ordering policy for stock-dependent demand under progressive payment scheme. European Journal of Operational Research 184:91–10.
  10. Chun-Tao Chang, Jinn-TsairTeng, Suresh Kumar Goyal (2010). Optimal replenishment policies for non-instantaneous deteriorating items with stock-dependent demand, International Journal of Production Economics, Volume 123, 62–68.
  11. Sana, S. S. , (2012). An EOQ model for perishable item with stock-dependent demand and price discount rate. American Journal of Mathematical and Management Sciences.
Index Terms

Computer Science
Information Sciences

Keywords

Non-instantaneous deterioration Inflation Inventory purchasing cost Sales revenue cost Stock-dependent demand