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An Inventory Model with Quadratic Demand, Constant Deterioration and Salvage Value

Author Affiliations

  • 1GITAM School of International Business, GITAM University, Visakhapatnam, INDIA
  • 2Dept of Mathematics, College of Military Engineering, Pune, INDIA

Res. J. Mathematical & Statistical Sci., Volume 2, Issue (1), Pages 1-5, January,12 (2014)

Abstract

In this paper we have studied an inventory model for deteriorating products with demand rate is quadratic function of time .This model is developed to find the total cost of the inventory system. Here the deterioration is considered as constant. The salvage value is used for deteriorated items in the system. Suitable numerical example and sensitivity analysis is also discussed.

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