An Order Level Inventory Model For a Deteriorating Item With Constant Deterioration, Exponential Demand and Shortages

Published in Journal

International Journal of Information Technology and Management [IJITM] (Vol:8/ Issue: 12) DOI: 10.29070/IJITM
Authors: Devendra Singh, Pushpa Rao, Dinesh Singh,
Subjects: IT & Management

Year: May, 2015
Volume: 8 / Issue: 12
Pages: 0 - 0 (0)
Publisher: Ignited Minds Journals
Source:
E-ISSN: 2249-4510
DOI:
Published URL: http://ipublisher.in/p/3457
Published On: May, 2015

Article Details

An Order Level Inventory Model For a Deteriorating Item With Constant Deterioration, Exponential Demand and Shortages |

Devendra Singh, Pushpa Rao, Dinesh Singh, in International Journal of Information Technology and Management | IT & Management

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ABSTRACT:

An Inventory model isdeveloped for a deteriorating item with constant deteriorating rate having aninstantaneous supply, an exponential demand and shortages in Inventory. Themodel is solved analytically to obtain the optimal solution of the problem. Itis then illustrated with the help of numerical example. The sensitivity of theoptimal solution towards changes in the values of different parameters is alsostudied.