Sensitivity analysis of an inventory model with non-instantaneous and time-varying deteriorating items

The sensitivity analysis of an inventory model with non-instantaneous and time-varying deteriorating Items has been studied. Shortages are not considered. To obtain the optimal order quantity and the optimal interval for the total profit, a solution procedure is demonstrated. Numerical example is pr...

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Bibliographic Details
Main Authors: Malik, A. K., Shekhar, Chandra, Vashisth, Vikram, Chaudhary, Anuj Kumar, Singh, S. R.
Format: Conference Proceeding
Language:English
Subjects:
Economic models
Inventory management
Mathematical models
Order quantity
Sensitivity analysis
Shortages
Online Access:Get full text
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Summary:The sensitivity analysis of an inventory model with non-instantaneous and time-varying deteriorating Items has been studied. Shortages are not considered. To obtain the optimal order quantity and the optimal interval for the total profit, a solution procedure is demonstrated. Numerical example is provided to demonstrate the practical usage of result and sensitivity analysis of the optimal total profit with respect to system parameters is carried out.
ISSN:0094-243X
1551-7616
DOI:10.1063/1.4942741