2016•AIP conference proceedingsRequires access
An inventory model with linear holding cost and stock-dependent demand for non-instantaneous deteriorating items
Satish Kumar, Ajender Kumar Malik, Abhishek Sharma, Shikha Yadav, Yashveer Singh
Open publisher page 6 citations
Abstract
The importance of inventory models with non-instantaneously deteriorating items in the management system has been discussed. The holding cost is taken as in linear function of time and demand is stock dependent. For this inventory model, we obtained the optimal order quantity and the total present value of profits. Further, optimality and sensitivity analysis of the optimal profit of the inventory model with key constraints is followed with the help of numerical example.