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- Title
ESTIMATION OF INVENTORY FOR DETERIORATING ITEMS WITH NON-LINEAR DEMAND CONSIDERING DISCOUNT AND WITHOUT DISCOUNT POLICY.
- Authors
Mondal, M.; Uddin, M. F.; Hossain, M. S.
- Abstract
This paper develops an inventory model for deteriorating items consisting of the ordering cost, unit cost, opportunity cost, deterioration cost and shortage cost. In this inventory model instead of linear demand function nonlinear exponential function of time for deteriorating items with deterioration rate has been considered. The effects of inflation and cash flow are also taken into account under a trade-credit policy of discount and without discount with time. In order to validate the model, numerical examples have been solved by bisection method deploying MATLAB. Further, in order to estimate the cash flow the sensitivity of different parameters is considered.
- Subjects
ENVIRONMENTAL degradation; INVENTORY control; NONLINEAR optical techniques; HYDRODYNAMICS; MAGNETOHYDRODYNAMICS
- Publication
Journal of Naval Architecture & Marine Engineering, 2016, Vol 13, Issue 2, p151
- ISSN
1813-8535
- Publication type
Article
- DOI
10.3329/jname.v13i2.23905