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Optimal Inventory Model for Time Dependent Decaying Items with Stock Dependent Demand Rate and Shortages

by Rekha Rani Chaudhary, Vikas Sharma, Urvashi Chaudhary
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International Journal of Computer Applications
Foundation of Computer Science (FCS), NY, USA
Volume 79 - Number 17
Year of Publication: 2013
Authors: Rekha Rani Chaudhary, Vikas Sharma, Urvashi Chaudhary
10.5120/13959-1568

Rekha Rani Chaudhary, Vikas Sharma, Urvashi Chaudhary . Optimal Inventory Model for Time Dependent Decaying Items with Stock Dependent Demand Rate and Shortages. International Journal of Computer Applications. 79, 17 ( October 2013), 6-9. DOI=10.5120/13959-1568

@article{ 10.5120/13959-1568,
author = { Rekha Rani Chaudhary, Vikas Sharma, Urvashi Chaudhary },
title = { Optimal Inventory Model for Time Dependent Decaying Items with Stock Dependent Demand Rate and Shortages },
journal = { International Journal of Computer Applications },
issue_date = { October 2013 },
volume = { 79 },
number = { 17 },
month = { October },
year = { 2013 },
issn = { 0975-8887 },
pages = { 6-9 },
numpages = {9},
url = { https://ijcaonline.org/archives/volume79/number17/13959-1568/ },
doi = { 10.5120/13959-1568 },
publisher = {Foundation of Computer Science (FCS), NY, USA},
address = {New York, USA}
}
%0 Journal Article
%1 2024-02-06T21:53:13.979683+05:30
%A Rekha Rani Chaudhary
%A Vikas Sharma
%A Urvashi Chaudhary
%T Optimal Inventory Model for Time Dependent Decaying Items with Stock Dependent Demand Rate and Shortages
%J International Journal of Computer Applications
%@ 0975-8887
%V 79
%N 17
%P 6-9
%D 2013
%I Foundation of Computer Science (FCS), NY, USA
Abstract

This paper deals with in developing an inventory model for time dependent decaying items as bread, food stuff, green vegetables and medicine etc. The rate of deterioration is time dependent and considers a linear function of time. Demand rate is stock dependent in linear form. It is a common phenomenon observed in the super market that a large pile of goods attracts more customers. Shortages are allowed and shortages are completely backlogged. The numerical example is given to illustrate the model developed. The model is solved analytically by maximizing the total profit.

References
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Index Terms

Computer Science
Information Sciences

Keywords

Inventory EOQ Model deteriorating items stock dependent demand rate

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