An Inventory Model with Deteriorated items, Demand Fractionally Dependent on Time, Variable Holding Costs, and All Other Parameters Constant

Kusum; Vinod Kumar

doi:https://doi.org/10.14445/22315373/IJMTT-V67I9P504

International Journal of Mathematics Trends and Technology

Research Article | Open Access | Download PDF

Volume 67 | Issue 9 | Year 2021 | Article Id. IJMTT-V67I9P504 | DOI : https://doi.org/10.14445/22315373/IJMTT-V67I9P504

An Inventory Model with Deteriorated items, Demand Fractionally Dependent on Time, Variable Holding Costs, and All Other Parameters Constant

Kusum, Vinod Kumar

Abstract

The study proposes an inventory model for degrading items with a demand rate that rises to the power m by n as time passes. The cost of holding is proportional to time. All other parameters, such as the rate of degradation and the cost of ordering, are held constant. Shortages are permitted and fully backlogged. With the use of numerical illustration, this model is numerically confirmed. The model is numerically and graphically verified using the Maple 18 software.

Keywords

Fractional Polynomial, deterioration, demand, inventory.

References

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Citation :

Kusum, Vinod Kumar, "An Inventory Model with Deteriorated items, Demand Fractionally Dependent on Time, Variable Holding Costs, and All Other Parameters Constant," International Journal of Mathematics Trends and Technology (IJMTT), vol. 67, no. 9, pp. 24-30, 2021. Crossref, https://doi.org/10.14445/22315373/IJMTT-V67I9P504