AN EOQ INVENTORY MODEL USING RAMP TYPE DEMAND WITH DETERIORATION AND SHORTAGES
DOI:
https://doi.org/10.29121/ijetmr.v5.i2.2018.665Keywords:
Inventory Model, Ramp Type Demand, Deterioration, ShortagesAbstract
In this paper an EOQ Inventory model is developed in which inventory is depleted not only by demand also by deterioration, here demand rate is a ramp type function of time also the in this model shortages are allowed. The model is solved analytically by enumerating two possible shortages models to obtain the optimum solution.
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