An Inventory Model for Deteriorating Items with Generalised Exponential Decreasing Demand, Constant Holding Cost and Time-Varying Deterioration Rate - American Journal of Operations Research

AJOR > Vol.8 No.1, January 2018

Volume 8, Issue 1 (January 2018)

ISSN Print: 2160-8830 ISSN Online: 2160-8849

Google-based Impact Factor: 1.72 Citations

An Inventory Model for Deteriorating Items with Generalised Exponential Decreasing Demand, Constant Holding Cost and Time-Varying Deterioration Rate ()

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DOI: 10.4236/ajor.2018.81001 1,595 Downloads 3,876 Views Citations

Author(s)

Isiyaku Aliyu¹, Babangida Sani²

Affiliation(s)

¹Department of Mathematics and Statistics, Kaduna Polytechnic, Kaduna, Nigeria.
²Department of Mathematics, Ahmadu Bello University, Zaria, Nigeria.

ABSTRACT

In this present paper, an inventory model with a generalised exponential decreasing demand is considered. A numerical example is used to illustrate the application of the model. Sensitivity analysis of the optimal solution with respect to various parameters is carried out to see the effect of parameter changes on the solution.

KEYWORDS

Linear Deterioration, Generalize Exponential Decreasing Demand, Inventory, Constant Holding Cost

Share and Cite:

Aliyu, I. and Sani, B. (2018) An Inventory Model for Deteriorating Items with Generalised Exponential Decreasing Demand, Constant Holding Cost and Time-Varying Deterioration Rate. American Journal of Operations Research, 8, 1-16. doi: 10.4236/ajor.2018.81001.

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