Order Level Inventory Model for Perishable items with Power Demand and Stock-Dependent 141 Demand under Variable Cost Functions
Journal: International Journal of Applied Mathematics & Statistical Sciences (IJAMSS) (Vol.10, No. 2)Publication Date: 2021-08-24
Authors : Biswaranjan Mandal; Kamalika Hajra;
Page : 139-150
Keywords : Inventory; Perishable; Power Demand; Stock-Dependent Demand and Cost Function;
Abstract
In real practice, customers are influenced to purchase more items if there is adequate availability of the products. The present paper investigates an order level inventory model under two scenarios having power demand rate with inventory level dependent holding cost functions, and stock-dependent demand rate with time and inventory dependent holding cost functions. A constant rate of deterioration is considered into the two models.
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