摘要
The present paper focuses an optimal policy of an inventory model for deteriorating items with generalized demand rate and deterioration rate. Shortages are allowed and partially backlogged. The salvage value is included into deteriorated units. The main objective of the model is to minimize the total cost by optimizing the value of the shortage point, cycle length and order quantity. A numerical example is carried out to illustrate the model and sensitivity analyses of major parameters are discussed.
The present paper focuses an optimal policy of an inventory model for deteriorating items with generalized demand rate and deterioration rate. Shortages are allowed and partially backlogged. The salvage value is included into deteriorated units. The main objective of the model is to minimize the total cost by optimizing the value of the shortage point, cycle length and order quantity. A numerical example is carried out to illustrate the model and sensitivity analyses of major parameters are discussed.
作者
Pandit Jagatananda Mishra
Trailokyanath Singh
Hadibandhu Pattanayak
Pandit Jagatananda Mishra;Trailokyanath Singh;Hadibandhu Pattanayak(Research Scholar, Ravenshaw University, Cuttack, India;Department of Mathematics, C. V. Raman College of Engineering, Bhubaneswar, India;Department of Mathematics, Institute of Mathematics and Applications, Bhubaneswar, India)
