A Memory Dependent Partial Backlogging Inventory Model for Non Instantaneous Deteriorating Item with Stock Dependent Demand

2021 ◽  
Vol 7 (5) ◽  
Author(s):  
Dipak Kumar Jana ◽  
Asim Kumar Das
Keyword(s):  
Inventory Model ◽  
Partial Backlogging ◽  
Stock Dependent Demand ◽  
Dependent Demand

scholarly journals An Inventory Model for Deteriorating Items with Stock Dependent Demand and Partial Backlogging

2021 ◽  
Vol 9 (12) ◽  
pp. 296-302
Author(s):  
Vikas Kumar
Keyword(s):  
Waiting Time ◽  
Simple Algorithm ◽  
Inventory Model ◽  
Deteriorating Items ◽  
Partial Backlogging ◽  
Numerical Examples ◽  
Proposed Model ◽  
Stock Dependent Demand ◽  
Total Profit ◽  
Dependent Demand

Abstract: In this paper, we formulate a deteriorating inventory model with stock-dependent demand Moreover, it is assumed that the shortages are allowed and partially backlogged, depending on the length of the waiting time for the next replenishment. The objective is to find the optimal replenishment to maximizing the total profit per unit time. We then provide a simple algorithm to find the optimal replenishment schedule for the proposed model. Finally, we use some numerical examples to illustrate the model. Keywords- Inventory, Deteriorating items, Stock dependent demand, Partial backlogging

Sign in / Sign up

Export Citation Format

Share Document