ORDER LEVEL INVENTORY SYSTEM WITH RAMP TYPE DEMAND RATE AND RANDOM DETERIORATION

Print ISSN: 0972-7752

Abstract

The present paper deals with an order level inventory system for items with time dependent random deterioration and demand rate which is a ramp type function of time. Both deterministic and stochastic situations have been considered. Finally a numerical example has been given to illustrate the results derived along with its sensitivity analysis.

Keywords and Phrases

Inventory, EOQ model, random deterioration, infinite replenishment rate, ramp type demand rate.

A.M.S. subject classification

90B05.

.....

View PDF Click here to Subscribe now