OPTIMAL CONTROL OF AN INVENTORY SYSTEM WITH VARIABLE DEMAND & AMELIORATING / DETERIORATING ITEMS

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G.Misra, S. M. L. U. (2013). OPTIMAL CONTROL OF AN INVENTORY SYSTEM WITH VARIABLE DEMAND & AMELIORATING / DETERIORATING ITEMS. Asian Journal of Current Engineering and Maths, 1(3). Retrieved from http://innovativejournal.in/index.php/ajcem/article/view/81
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Abstract

In this paper

we discuss the development of an inventory model for ameliorating items. Generally fast growing animals like duck, pigs, broiler etc. in poultry farm, high-bred fishes are these types of items. This paper investigates an instantaneous replenishment model for the above type of items under cost minimization. A variable type of demand rate with infinite time horizon, constant deterioration and without shortage in considered. The
result in illustrated with numerical example.


AMS Classification No: 90B05

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