Abstract
A production inventory model having an exponential deterioration rate with an exponential demand rate and shortages is considered. In this model, the production rate is a function of the demand rate. The total inventory cost per cycle, the cycle length, the shortage and the production lengths are optimized. Numerical example of the proposed model is presented.
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Lakshmi, M.D., Pandian, P. (2018). Optimizing a Production Inventory Model with Exponential Demand Rate, Exponential Deterioration and Shortages. In: Madhu, V., Manimaran, A., Easwaramoorthy, D., Kalpanapriya, D., Mubashir Unnissa, M. (eds) Advances in Algebra and Analysis. Trends in Mathematics. Birkhäuser, Cham. https://doi.org/10.1007/978-3-030-01120-8_29
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DOI: https://doi.org/10.1007/978-3-030-01120-8_29
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