Asian Journal of Management

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An Inventory Model for Both Variable Holding and Sales Revenue Cost


Affiliations
1 Department of Mathematics, D.N. (PG) College, Meerut, U.P, India
2 Department of Computer Science, GRD Institute of Management and Technology Engineering College, Dehradun, U.K, India
3 Department of Mathematics, B K Birla Institute of Engineering and Technology, Pilani, Rajasthan, India
     

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This paper discusses the inventory models for non-instantaneously deteriorating items with stock dependent demand. The holding cost is the increasing function of time and sales revenue cost is taken as decreasing linear function of time. This consideration has enhanced developing mathematical model for optimal order quantity and the total profits value with respect to major parameters is approved out with the facilitate of numerical example.

Keywords

Inventory, Time Dependant Increasing Holding Cost, Time Dependant Decreasing Sales Revenue Cost, Stock-Dependent Demand.
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  • Malik, A. K. Malik, Singh, P. R., Tomar, A., Kumar, S. and Yadav, S. K. (2016) Analysis of an Inventory Model for Both Linearly Decreasing Demand and Holding Cost, AIP Conference Proceedings 1715, 020063; doi: 10.1063/1.4942745.


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  • An Inventory Model for Both Variable Holding and Sales Revenue Cost

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Authors

Satish Kumar
Department of Mathematics, D.N. (PG) College, Meerut, U.P, India
Yashveer Singh
Department of Computer Science, GRD Institute of Management and Technology Engineering College, Dehradun, U.K, India
A. K. Malik
Department of Mathematics, B K Birla Institute of Engineering and Technology, Pilani, Rajasthan, India

Abstract


This paper discusses the inventory models for non-instantaneously deteriorating items with stock dependent demand. The holding cost is the increasing function of time and sales revenue cost is taken as decreasing linear function of time. This consideration has enhanced developing mathematical model for optimal order quantity and the total profits value with respect to major parameters is approved out with the facilitate of numerical example.

Keywords


Inventory, Time Dependant Increasing Holding Cost, Time Dependant Decreasing Sales Revenue Cost, Stock-Dependent Demand.

References