An inventory model for linearly time-dependent deteriorating rate and time-varying demand with shortages partially backlogged
Document Type
Article
Publication Date
1-1-2020
Abstract
In this paper, a deterministic inventory model for deteriorating items with linear deterioration rate is proposed. Demand follows a power pattern. Shortages are permitted and partially backlogged. An optimal solution is derived to minimizes the total average cost. Numerical examples are given, and sensitivity analysis carried out to show how the optimal decisions are affected by changes in different parameters in the model. Graphical representation of the convexity of the total cost against the decision variables shows the efficiency and reliability of the model.
Keywords
Inventory, Power demand pattern, Deterioration, Linearly, Shortages
Divisions
MathematicalSciences
Publication Title
Journal of Intelligent & Fuzzy Systems
Volume
38
Issue
4
Publisher
IOS Press
Publisher Location
NIEUWE HEMWEG 6B, 1013 BG AMSTERDAM, NETHERLANDS