Production Inventory Model with Price Dependent Demand and Deterioration
Kapil Kr Bansal
Dr. Kapil Kr Bansal, Head (Research & Publication), Deptt. of Maths. SRM University, NCR Campus Ghaziabad.
Manuscript received on April 11, 2012. | Revised Manuscript received on April 14, 2012. | Manuscript published on May 05, 2012. | PP: 447-451 | Volume-2 Issue-2, May 2012 . | Retrieval Number: B0504032212/2012©BEIESP
Open Access | Ethics and Policies | Cite
© The Authors. Published By: Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: In this paper many inventory models demand rate are either constant or time dependent but independent of the stock level. However for certain types of commodities particularly consumer goods, the demand rate of may be depend on the on hand inventory. For this type of commodity the sale would increase as the amount of inventory increase Most of the researchers have assumed that as soon as the items arrive in stock, they begin to deteriorate at once, but for many items this is not true. In practice when most of the items arrive in stock they are fresh and new and they begin to decay after a fixed time interval called life-period of items.
Keywords: Particularly Consumer Goods