Izvorni znanstveni članak

https://doi.org/10.17535/crorr.2019.0017

An inventory planning problem for time-varying linear demand and parabolic holding cost with salvage value

Pavan Kumar orcid.org/0000-0001-5340-7777 ; Koneru Lakshmaiah Education Foundation Vaddeswaram, Andhra Pradesh

Sažetak

In this manuscript, a model is proposed for the inventory planning problem with items which deteriorate linearly with respect to time. The concept of salvage value for deteriorated items is considered and incorporated in this model. The solution procedure of proposed optimization model is illustrated by a couple of numerical examples. A convexity check of the average total cost function is performed by plotting a two dimensional graph. The sensitivity test of the proposed model is performed to study the effect of changing the least as well as the most sensitive parameters in the proposed optimization model. Some graphical representations are constructed to discuss the outcomes and results so obtained for a choice of various parameters

Ključne riječi

salvage value; no shortages; time-varying linear demand

Hrčak ID:

229885

URI

https://hrcak.srce.hr/229885

Datum izdavanja:

13.12.2019.

Posjeta: 1.720 *