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An Economic Lot-Size Inventory Model for Deteriorating Items with Time-Sensitive Consumption and Reduced Deterioration Rate

  • D. K. SinghEmail author
  • K. Prasad
  • S. Mahto
Conference paper

Abstract

This article proposes a lot-size economic inventory model under quadratic consumption rate with the speculation that rate of deterioration can be reduced by the latest scientific techniques of preservation. An analytical solution of this model is given to obtain the minimum average cost of the system. As an illustration, a numerical problem has been also given to support the validity of the solution of this model.

Keywords

Deterioration Preservation techniques Inventory Quadratic demand 

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Copyright information

© Springer Nature Singapore Pte Ltd. 2019

Authors and Affiliations

  1. 1.University Department of MathematicsRanchi UniversityRanchiIndia
  2. 2.Department of MathematicsAmity UniversityRanchiIndia

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