An Inventory Management System for Deteriorating Items with Ramp Type and Quadratic Demand: A Structural Comparative Study

Biswaranjan Mandal, Acharya Jagadish Chandra Bose College, India

ABSTRACT

The present paper deals with an inventory management system with ramp type and quadratic demand rates. A constant deterioration rate is considered into the model. In the two types models, the optimum time and total cost are derived when demand is ramp type and quadratic. A structural comparative study is demonstrated here by illustrating the model with sensitivity analysis.

KEYWORDS

Inventory, ramp type, quadratic, deterioration.

Original Source URL: https://aircconline.com/ijsc/V11N4/11420ijsc01.pdf

https://airccse.org/journal/ijsc/current2020.html

An Inventory Management System for Deteriorating Items with Ramp Type and Quadratic Demand: A Structural Comparative Study

Current Issue

November 2020, Volume 11, Number 1/2/3/4

An Inventory Management System for Deteriorating Items with Ramp Type and Quadratic Demand: A Structural Comparative Study  

Biswaranjan Mandal

Associate Professor of Mathematics, Acharya Jagadish Chandra Bose College, Kolkata

ABSTRACT

The present paper deals with an inventory management system with ramp type and quadratic demand rates. A constant deterioration rate is considered into the model. In the two types models, the optimum time and total cost are derived when demand is ramp type and quadratic. A structural comparative study is demonstrated here by illustrating the model with sensitivity analysis.

KEYWORDS

Inventory, ramp type, quadratic, deterioration.

ORIGINAL SOURCE URL: https://aircconline.com/ijsc/V11N4/11420ijsc01.pdf

http://airccse.org/journal/ijsc/current2020.html