DETERIORATING INVENTORY SYSTEM WITH VARYING HOLDING COST IN DEMAND DECLINING MARKET
##plugins.themes.bootstrap3.article.main##
##plugins.themes.bootstrap3.article.sidebar##
Abstract
An EOQ model is derived to study optimal ordering policy for deteriorating items, when demand is declining with respect to time. Inventory holding cost is a continuous function of order quantity. Shortages are allowed and some shortages are partially backlogged. Backlogging rate is defined as function of time. Here objective is to minimize the total cost of an inventory system. The model is supported by a numerical example and sensitivity analysis with respect to different parameter is given.
How to Cite
##plugins.themes.bootstrap3.article.details##
COPYRIGHT AGREEMENT AND AUTHORSHIP RESPONSIBILITY
Â
All paper submissions must carry the following duly signed by all the authors:
“I certify that I have participated sufficiently in the conception and design of this work and the analysis of the data (wherever applicable), as well as the writing of the manuscript, to take public responsibility for it. I believe the manuscript represents valid work. I have reviewed the final version of the manuscript and approve it for publication. Neither has the manuscript nor one with substantially similar content under my authorship been published nor is being considered for publication elsewhere, except as described in an attachment. Furthermore I attest that I shall produce the data upon which the manuscript is based for examination by the editors or their assignees, if requested.â€