An Inventory Model with Linear Demand Rate, Finite Rate of Production with Shortage and Complete Backlogging
Author & Affiliation:
C. K. TRIPATHY (c.tripathi@yahoo.com)
Department of Statics, Sambalpur University, Jyoti Vihar, Sambalpur - 768019 (INDIA)
U. MISHRA
Department of Mathematics, P.K.A, College of Engg. Chakarkends , baragarh- 768028 (INDIA)
C.K. SAHOO
Department of Mathematics, Xavier of Technology, Gangapatana, Bhubaneswar (INDIA)
Keyword:
Inventory, Economic order quantity, demand, Shortage
Issue Date:
December 2009
Abstract:
This paper deals with in developing inventory model with linear demand rate allowing shortages in the inventory. These shortages are considered to be completely backlogged. We have assumed that the production rate is finite and proportional to the demand rate. The analytical solution of the model has been done to obtain the optimal solution of the problem. Suitable numerical example has been discussed have to understand the problem. This model is suitable in case of steady increase or decrease in the demand in the market for some product.
Pages:
787-794
ISSN:
2319-8044 (Online) - 2231-346X (Print)
Source:
PDF:
DOI:
jusps-A
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Copy the following to cite this article:
C. K. Tripathy; U. M. ; C. Sahoo, "An Inventory Model with Linear Demand Rate, Finite Rate of Production with Shortage and Complete Backlogging", Journal of Ultra Scientist of Physical Sciences, Volume 21, Issue 3, Page Number 787-794, 2018Copy the following to cite this URL:
C. K. Tripathy; U. M. ; C. Sahoo, "An Inventory Model with Linear Demand Rate, Finite Rate of Production with Shortage and Complete Backlogging", Journal of Ultra Scientist of Physical Sciences, Volume 21, Issue 3, Page Number 787-794, 2018Available from: https://www.ultrascientist.org/paper/1259/
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