Abstract
The objective of this paper is to develop an inventory model for deteriorating items with price-dependent linear demand. Allowable shortage is considered which is partial backlogged. Since selling value assumes a significant job in stock framework, we use price-dependent demand and holding up time subordinate build-up rates in a general structure to develop the model. The solution method of this optimization model is adorned by a numerical example. A convexity checkup of the total average cost function is executed by plotting a 3D graph. Finally, sensitivity analysis and managerial insights are completed to examine the impact of various system parameters of this model.
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Indrajitsingha, S.K., Sahu, A.K., Misra, U.K. (2021). An Inventory Model for Linear Deteriorating Item with Shortages Under Partial-Backlogged Condition. In: Paikray, S.K., Dutta, H., Mordeson, J.N. (eds) New Trends in Applied Analysis and Computational Mathematics. Advances in Intelligent Systems and Computing, vol 1356. Springer, Singapore. https://doi.org/10.1007/978-981-16-1402-6_6
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