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IJSOM 2014, 1(2): 216-227 Back to browse issues page
Inventory Model for Deteriorating Items with Four level System and Shortages
Rakesh Prakash Tripathi *
Graphic Era University, Dehradun (UK) India , tripathi_rp0231@rediffmail.com
Abstract:   (2299 Views)
This paper presents an inventory model for deteriorating items in which shortages are allowed. It is assumed that the production rate is proportional to the demand rate and greater than demand rate. The inventory model is developed by considering four different circumstances. The optimal of the problem is obtained with the help of Mathematica 7 software. Numerical examples are given to illustrate the model for different parameters. Sensitivity analysis of the model has been developed to examine the effect of changes in the values of the different parameters for optimal inventory policy. Truncated Taylor’s series is used for finding closed form optimal solution.
Keywords: Inventory, Constant demand, Deterioration, Shortages, Production
     
Type of Study: مقاله پژوهشی |
ePublished: 2017/09/28
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Tripathi R P. Inventory Model for Deteriorating Items with Four level System and Shortages. IJSOM. 2014; 1 (2) :216-227
URL: http://system.khu.ac.ir/ijsom/article-1-2048-en.html
issue 1, Issue 2 (8-2014) Back to browse issues page
International Journal of Supply and Operations Management International Journal of Supply and Operations Management
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