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

  IJMTT-book-cover
 
International Journal of Mathematics Trends and Technology (IJMTT)
 
© 2021 by IJMTT Journal
Volume-67 Issue-9
Year of Publication : 2021
Authors : Kusum, Vinod Kumar
  10.14445/22315373/IJMTT-V67I9P504

MLA

MLA Style: 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 67.9 (2021):24-30. 

APA Style: Kusum, Vinod Kumar(2021). 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, 67(9), 24-30.

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.

Reference

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Keywords : Fractional Polynomial, deterioration, demand, inventory.