A Deterministic Inventory Model for Perishable Items with Time Dependent Demand and Shortages


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Authors

  • Sushil Kumar Department of Mathematics and Astronomy, University of Lucknow, Lucknow, U.P., India
  • Ravendra Kumar Dr.R M L Government Degree College Aonla, Barielly, U.P., India

Keywords:

Inventory, Perishability, Shortages, Partial Backlogging

Abstract

In the present paper an attempt has been made to develop a deterministic inventory model for perishable items with time dependent demand. The problem of perishability plays an important role in the field of inventory control and managements. Shortages are allowed and partially backlogged. The backlogging rate of unsatisfied demand is assumed as a function of waiting time. The purpose of our study is to maximize the total profit during a given period of time. A numerical example is given to demonstrate the developed model and sensitivity analysis of the parameters is also given.

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Published

30-12-2015

How to Cite

Sushil Kumar, & Ravendra Kumar. (2015). A Deterministic Inventory Model for Perishable Items with Time Dependent Demand and Shortages. International Journal of Mathematics And Its Applications, 3(4 - F), 105–111. Retrieved from https://ijmaa.in/index.php/ijmaa/article/view/539

Issue

Vol. 3 No. 4 - F (2015)

Section

Research Article

License

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.