Sensitivity Analysis Of Inventory Model For Deteriorating Items With On-Hand Inventory Dependent Demand Rate And Infinite Production Rate Without Shortages

Abstract:

A deterministic inventory model for deteriorating items is considered. The rate of demand is variable and it is on-hand inventory dependent. Rate of replenishment is instantaneous. Shortages are not allowed. The average total profit is maximized to decide the time of production run. Hence the economic lot size is obtained. The result is illustrated by various numerical examples with sensitivity analysis.

Keywords: – Sensitivity, inventory model, on-hand inventory, infinite production rate.

Anil Kumar Sharma, Raish Muhammad

Click Here To Download PDF

Leave a Reply

Your email address will not be published. Required fields are marked *