A MATHEMATICAL INVENTORY MODEL FOR DETERIORATING ITEMS WITH STOCK DEPENDENT DEMAND UNDER INFLATION, PARTIAL BACKLOGGING AND SHORTAGES

Authors

  • Shallu, Arun Kumar Tomer D.A.V College, Ambala, Haryana, India. SMDRSD College, Pathankot, Punjab, India.

Keywords:

inventory, stock dependent demand, deterioration, shortage, partial backlogging, inflation.

Abstract

- In this paper a deterministic inventory model for perishable items with stock dependent demand and deterioration under inflation is developed. In this study an economic order quantity (EOQ) model is studied in which shortages are partially backlogged and the replenishment cycles and the shortage intervals are time dependent. Model is considered for finite planning horizon under inflationary conditions. The study discusses the profit analysis of inventory system under the parameters of deterioration, stock dependent demand and inflation. The results are illustrated with the help of numerical example. The sensitivity of the solution with the change of the values of the parameters associated with the model is also discussed.

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Published

2016-02-29

Issue

Vol. 5 No. 3 (2016): FEBRUARY 2016

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Articles

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