The Journal of the Indian Mathematical Society

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Models for Time Dependent Deterioration, Time Dependent Quadratic Demand and Salvage Value


Affiliations
1 F-Civil, Dept of Mathematics, College of Military Engineering, Pune - 411031, India
2 GITAM Type School of International Business, GITAM Type University, Visakhapatnam - 530 045, India
     

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An order level inventory models are developed for deteriorating items when the demand rate is assumed to be a continuous function of time which is quadratic in nature and the deterioration rate is proportional to time. The model is solved when shortages are not allowed. Later, the salvage value is used for deteriorated items in the system. A numerical example is taken to discuss the sensitivity of the models.

Keywords

Time-Dependent Models, Quadratic Demand, Deterioration Rate, Salvage Value, Shortages.
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  • Models for Time Dependent Deterioration, Time Dependent Quadratic Demand and Salvage Value

Abstract Views: 217  |  PDF Views: 0

Authors

R. Mohan
F-Civil, Dept of Mathematics, College of Military Engineering, Pune - 411031, India
R. Venkateswarlu
GITAM Type School of International Business, GITAM Type University, Visakhapatnam - 530 045, India

Abstract


An order level inventory models are developed for deteriorating items when the demand rate is assumed to be a continuous function of time which is quadratic in nature and the deterioration rate is proportional to time. The model is solved when shortages are not allowed. Later, the salvage value is used for deteriorated items in the system. A numerical example is taken to discuss the sensitivity of the models.

Keywords


Time-Dependent Models, Quadratic Demand, Deterioration Rate, Salvage Value, Shortages.