Analysis of an inventory model with both the time dependent holding and sales revenue cost

International Conference on Startup Ventures: Technology Developments and Future Strategies

社会科学（总论）

Malik, A.K.^1 ; Mathur, Priya^2 ; Kumar, Satish^3

Department of Mathematics, B. K. Birla Institute of Engineering and Technology, Pilani, Rajasthan, India^1

Department of Mathematics, Poornima Institute of Engineering and Technology, Jaipur, Rajasthan, India^2

Department of Mathematics, D.N. (PG) College, Meerut, Uttar Pradesh, India^3

关键词: Deterioration rates;    Inventory modeling;    Profit function;    Research papers;    Sales revenue;    Time dependent;    Total profits;    Variable demands;   

Others  :  https://iopscience.iop.org/article/10.1088/1757-899X/594/1/012043/pdf
DOI  :  10.1088/1757-899X/594/1/012043

学科分类：社会科学、人文和艺术（综合）

来源: IOP

【 摘 要 】

The research paper explores the possibility of long-life products on inventory model with variable demand rate. We established a new scheme for maximum life time product; their deterioration rate is considered as a function of maximum life time. The main conception behind the planned model is: time dependent both holding and sales revenue cost for finding the optimal total profit with the optimal cycle. Finally, numerical example and sensitivity analysis demonstrate that the proposed mathematical model result and realize the effect of variation in optimal profit function with respect to several parameters used.