Inventory Model for Deteriorating Item with Exponential Demand Rate and Partial Backlogging

  IJMTT-book-cover
 
International Journal of Mathematics Trends and Technology (IJMTT)
 
© 2015 by IJMTT Journal
Volume-22 Number-1
Year of Publication : 2015
Authors : Ritu Raj, Naresh Kumar Kaliraman, Dr Shalini Chandra, Dr Harish Chaudhary
  10.14445/22315373/IJMTT-V22P502

MLA

Ritu Raj, Naresh Kumar Kaliraman, Dr Shalini Chandra, Dr Harish Chaudhary"Inventory Model for Deteriorating Item with Exponential Demand Rate and Partial Backlogging", International Journal of Mathematics Trends and Technology (IJMTT). V22(1):9-16 June 2015. ISSN:2231-5373. www.ijmttjournal.org. Published by Seventh Sense Research Group.

Abstract
We developed an inventory model for deteriorating item with exponential demand rate. Shortage is allowed in this model and is partially backlogged. The backlogged rate is time-dependent for the next replenishment. We have derived the most favorable order quantity model by minimizing the total inventory cost. To explain the model a numerical illustration and sensitivity analysis has been carried out to study the outcome of parameters on variables and the total inventory cost of this model.

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Keywords
Inventory Model, Deterioration, Exponential Demand Rate, Partial Backlogging