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Optimum ordering interval considering random deterioration rate with exponential demand and shortages

Journal: International Journal of Emerging Trends & Technology in Computer Science (IJETTCS) (Vol.5, No. 1)

Publication Date:

Authors : ; ;

Page : 103-105

Keywords : ;

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Abstract

Obtaining item, taking exponential demand allowing shortages. The deterioration in taken as time dependent random function. The production rate is infinite and shortage are allowed. Approximate expression are obtained for optimum orded quantity, minimum average cost. The model is solved by minimizing the mean average cost. Keywords Deteriorating items, demand rate and shortages

Last modified: 2016-03-08 16:47:20