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Venkateswarlu, R.
- An Inventory Model for Time Varying Deterioration and Price Dependent Quadratic Demand with Salvage Value
Abstract Views :507 |
PDF Views:12
Authors
R. Venkateswarlu
1,
R. Mohan
2
Affiliations
1 GITAM School of International Business, GITAM University, Visakhapatnam-530 045., IN
2 F-Civil, Dept of Mathematics, College of Military Engineering, Pune-400 011., IN
1 GITAM School of International Business, GITAM University, Visakhapatnam-530 045., IN
2 F-Civil, Dept of Mathematics, College of Military Engineering, Pune-400 011., IN
Source
Indian Journal of Computational & Applied Mathematics, Vol 1, No 1 (2013), Pagination: 21-28Abstract
A deterministic inventory model is developed for deteriorating items when the demand rate is assumed to be a function of price which is quadratic in nature and the deterioration rate is proportional to time. The model is solved when shortages occur in inventory. Later, the case of salvage is discussed. The sensitivity of the model is discussed with a numerical example.Keywords
Quadratic Demand, Deterioration Rate, Price Dependent Models, Shortages
References
- Bhandari, R.M. and Sharma, P.K. (2004) A single period inventory problem with quadratic demand distribution under the influence of Market policies, Eng. Science Vol. 12. No.2, pp.117-127.
- Giri, B.C. and Goyal S.K 'Recent trends in modeling of deteriorating inventory' (2001) European Journal of Operations research, Vol.134, pp.1-16.
- Ghosh, S.K. and Chaudhuri, K.S. (2004) An order-level inventory model for a deteriorating item with Weibull Deterioration, Time-quadratic demand and shortages, Advanced Modeling and Optimization, Vol.6, No.1, pp.21-35.
- Kharna, S. and Chaudhuri, K.S.(2003) Computers and Operations research, Vol.30, pp.1901-1916.
- Shibshankar Sana and Chaudhary, K.S. (2000) A Stock-Review EOQ Model with Stock-Dependent Demand, Quadratic Deterioration Rate, Advanced Modeling and Optimization, vol.6, No.2, pp.25-32.
- A. Kalam, D. Samal, S. K. Sahu & M. Mishra (2010) A Production Lot-size Inventory Model for Weibull Deteriorating Item with Quadratic Demand, Quadratic Production and Shortages, International Journal of Computer Science & Communication, Vol. 1, No. 1, Jan. 2010, pp.259-262.
- Soumendra Kumar Patra, Tapan Kumar Lenka and Purna Chandra Ratha (2010), An Order Level EOQ Model for Deteriorating Items in a Single Warehouse System with Price Depended Demand in Non-Linear (Quadratic) Form, International Journal of Computational and Applied Mathematics, Vol.5 No.3, pp.277–288.
- R.Venkateswarlu and R.Mohan, (2011) An EOQ Model with Time Dependent Quadratic demand and Constant Deterioration Rate, Advanced Modeling and Optimisation (Communicated).
- Models for Time Dependent Deterioration, Time Dependent Quadratic Demand and Salvage Value
Abstract Views :156 |
PDF Views:0
Authors
R. Mohan
1,
R. Venkateswarlu
2
Affiliations
1 F-Civil, Dept of Mathematics, College of Military Engineering, Pune - 411031, IN
2 GITAM Type School of International Business, GITAM Type University, Visakhapatnam - 530 045, IN
1 F-Civil, Dept of Mathematics, College of Military Engineering, Pune - 411031, IN
2 GITAM Type School of International Business, GITAM Type University, Visakhapatnam - 530 045, IN