COMPARISON OF INVENTORY MODELS UNDER NON-INSTANTANEOUS DETERIORATION RATE WITH PROBABILISTIC DEMAND AND SHORTAGES

Author:

Patel Shital S.1

Affiliation:

1. Department of Statistics ,Veer Narmad South Gujarat University,Surat, Gujarat,India.

Abstract

In this research, present an inventory model with non-instantaneous deterioration rate is consider i.e. depend on time. The purpose of this paper is to deliver a comparative study of diverse probabilistic environment, where demand is considered as a random variable follows probabilistic distributions. Shortages are allowed. The anticipated model is conveyed to highest profit of the formation. Mathematical analysis is carried out at the end to validate models. A parametric analysis is accomplished to explore the impact of key parameters.

Publisher

World Wide Journals

Reference18 articles.

1. 1. Aggarwal, S.P.: A note on an order level inventory model for a system with constant rate of deterioration; Opsearch, Vol. 15, pp. 184-187 (1978).

2. 2. Bhunia A. K., Maiti M.: An inventory model of deteriorating items with lot size dependent replenishment cost and a linear trend in demand. Appl Math Model, Vol. 23, pp. 301-308 (199).

3. 3. Chung K. J. , Tsai S. F. : Inventory system for deteriorating with shortages and a linear trend in demand taking account of time value. Computer Oper Res, Vol. 28, pp. 915-934 (2001)

4. 4. Covert, R. B. Philip, G. S.: ‘An EOQ model with Weibull distribution deterioration’. AIIE Transactions Vol. 5, pp. 323-326 (1973)

5. 5. Durai and Chakrabatri: Analytic features of Inventory problems of deteriorating items under different environments, International Journal of Modern Engineering Research, Vol. 6(12), pp. 17-37, (2016).

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