AN EOQ INVENTORY MODEL USING RAMP TYPE DEMAND WITH DETERIORATION AND SHORTAGES

  • S.P. Singh Department of Mathematics, L.N.C.T Bhopal, India
  • Ajay Soni Department of Mathematics, L.N.C.T Bhopal, India
Keywords: Inventory Model, Ramp Type Demand, Deterioration, Shortages

Abstract

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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Published
2018-02-28
How to Cite
Singh, S., & Soni, A. (2018). AN EOQ INVENTORY MODEL USING RAMP TYPE DEMAND WITH DETERIORATION AND SHORTAGES. International Journal of Engineering Technologies and Management Research, 5(2), 334-345. https://doi.org/10.29121/ijetmr.v5.i2.2018.665