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

Ritu Raj; Naresh Kumar Kaliraman; Dr Shalini Chandra; Dr Harish Chaudhary

doi:https://doi.org/10.14445/22315373/IJMTT-V22P502

International Journal of Mathematics Trends and Technology

Research Article | Open Access | Download PDF

Volume 22 | Number 1 | Year 2015 | Article Id. IJMTT-V22P502 | DOI : https://doi.org/10.14445/22315373/IJMTT-V22P502

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

Ritu Raj, Naresh Kumar Kaliraman, Dr Shalini Chandra, Dr Harish Chaudhary

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.

Keywords

Inventory Model, Deterioration, Exponential Demand Rate, Partial Backlogging

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Citation :

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), vol. 22, no. 1, pp. 9-16, 2015. Crossref, https://doi.org/10.14445/22315373/IJMTT-V22P502