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Asian Journal of Management
ISSN: 2321-5763(Online), 0976-495X(Print)
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An Inventory Model for both Variable Holding and Sales Revenue Cost
A. K. Malik
Satish Kumar1, Yashveer Singh2, A. K. Malik3
1Department of Mathematics, D.N. (PG) College, Meerut, U.P., India
2Department of Computer Science, GRD Institute of Management and Technology Engineering College, Dehradun, U.K., India
3Department of Mathematics, B K Birla Institute of Engineering and Technology, Pilani, Rajasthan, India
This paper discusses the inventory models for non-instantaneously deteriorating items with stock dependent demand. The holding cost is the increasing function of time and sales revenue cost is taken as decreasing linear function of time. This consideration has enhanced developing mathematical model for optimal order quantity and the total profits value with respect to major parameters is approved out with the facilitate of numerical example.
Inventory, time dependant increasing holding cost, time dependant decreasing sales revenue cost, stock-dependent demand.
Satish Kumar, Yashveer Singh, A. K. Malik. An Inventory Model for both Variable Holding and Sales Revenue Cost. Asian J. Management; 2017; 8(4):1111-1114.
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