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An Inventory Model for Deteriorating Items with Generalised Exponential Decreasing Demand, Constant Holding Cost and Time-Varying Deterioration Rate
Department of Mathematics and Statistics, Kaduna Polytechnic, Kaduna, Nigeria
Department of Mathematics, Ahmadu Bello University, Zaria, Nigeria
- 1 Department of Mathematics and Statistics, Kaduna Polytechnic, Kaduna, Nigeria
- 2 Department of Mathematics, Ahmadu Bello University, Zaria, Nigeria
American Journal of Operations Research·Volume 08 (2018)·Pages 1–16·Published 3 January 2018·DOI10.4236/ajor.2018.81001
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Abstract
In this present paper, an inventory model with a generalised exponential decreasing demand is considered. A numerical example is used to illustrate the application of the model. Sensitivity analysis of the optimal solution with respect to various parameters is carried out to see the effect of parameter changes on the solution.
KeywordsLinear DeteriorationGeneralize Exponential Decreasing DemandInventoryConstant Holding Cost
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