Abstract

An Inventory Model for Inverse Chain Deteriorating Items with Price Dependent Demand Rate and Partial Backlogging

Nurul Azeez Khan1 and Ramesh Kumar Joshi2

1Department of Mathematics and Statistics, DDU Gorakhpur University, Gorakhpur, U.P., INDIA. 2Trichandra Multiple Campus, Saraswati Sadan, Kathmandu, NEPAL.

DOI : http://dx.doi.org/10.29055/jcms/1131

ABSTRACT

In this paper, we have developed a deterministic inventory model for deteriorating items which follows Inverse chain distribution function. Demand rate is taken as a function of selling price. Also, time varying holding cost is taken in to account. Shortages are allowed here and are partially backlogged. The model is illustrated with the help of numerical example and verified graphically. The sensitivity analysis is also carried out based on numerical example.

Keywords :Inventory, Deterioration, Inverse Chain distribution, Shortages, Demand.

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