A production inventory model with selling price and stock sensitive demand under partial backlogging

Deo Datta Aarya and Mukesh Kumar

International Journal of Mathematics in Operational Research, 2018, vol. 12, issue 3, 350-363

Abstract: In the proposed paper we develop an inventory model for instantaneous deteriorating items with multi variate function of demand rate. Generally, we observe that the demand for any product depends on so many factors, out of which the available stock and selling price are the main factors. So in this paper we have assumed that the demand rate is a function of stock and selling price. The production rate is taken as a function of demand rate. The shortages are allowed and it is assumed that the occurring shortages will be backlogged for which the backlogging rate is a function of waiting time. The numerical example and sensitivity exploration with respect to various parameters are also cited to illustrate the study.

Keywords: inventory; shortages and partial backlogging; multi variate demand rate; deterioration rate; production. (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.inderscience.com/link.php?id=90802 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijmore:v:12:y:2018:i:3:p:350-363

Access Statistics for this article

More articles in International Journal of Mathematics in Operational Research from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().