An Inventory Model for Optimum Ordering Interval for Constant Deterioration with Discrete in Time with Shortages

Preeti patel; S.K.Malhotra

doi:https://doi.org/10.14445/22315373/IJMTT-V24P514

International Journal of Mathematics Trends and Technology

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Volume 24 | Number 2 | Year 2015 | Article Id. IJMTT-V24P514 | DOI : https://doi.org/10.14445/22315373/IJMTT-V24P514

An Inventory Model for Optimum Ordering Interval for Constant Deterioration with Discrete in Time with Shortages

Preeti patel, S.K.Malhotra

Abstract

In this paper an inventory model for constant deterioration with discrete in time with shortage had been proposed, demand rate increase by a constant percentage during each time interval the proposed model will be constrained bionomial geometric programming model with constant Deterioration and shortages. This implies that for any exponentially growing quantity, the larger the increase in quantity, the faster it grows. A numerical analysis of the proposed model has been presented. Production rate is considered as finite and approximation procedure is used to solve the model.

Keywords

Deterioration, shortage, inventory control, Demand Rate, Periodic, Exponential Growth.

References

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Citation :

Preeti patel, S.K.Malhotra, "An Inventory Model for Optimum Ordering Interval for Constant Deterioration with Discrete in Time with Shortages," International Journal of Mathematics Trends and Technology (IJMTT), vol. 24, no. 2, pp. 97-101, 2015. Crossref, https://doi.org/10.14445/22315373/IJMTT-V24P514