Work

An Inventory Model for Deteriorating Items with Exponential Declining Demand and Time-Varying Holding Cost

Year: 2014

Type: article

Abstract: In the present paper, a total optimal cost of an inventory model with exponential declining demand and constant deterioration is considered. The time-varying holding cost is a linear function of time. Shortages are not allowed. The items (like food grains, fashion apparels and electronic equipments) have fixed shelf-life which decreases with time during the end of the season. A numerical example is presented to demonstrate the model and the sensitivity analysis of various parameters is carried out.

Source: American Journal of Operations Research

DOI: 10.4236/ajor.2014.41001

Authors: Bhanu Priya Dash, Trailokyanath Singh, Hadibandhu Pattnayak

Institution: KIIT University

Language: English

Topic: Supply Chain and Inventory Management

Subfield: Management Science and Operations Research

Field: Decision Sciences

Domain: Social Sciences

Open Access status: diamond

OpenAlex ID: W2049960739

FWCI: 4.637

Cites: 21

Cited by: 41

Related to: 10